Are there any rent to own properties in my area?

What is your area? Have you called realtors?

DC? I highly doubt it. DC always has been and always will be an expensive market because of the federal government.

My feeling is that rent to own is absurd. You need the interest deduction. Some sellers will finance a mortgage, but you need excellent credit and a solid income.

Would help to know where you live. Any realtor in your area could help. Look at "www.realtystore.com"

Is there a reason you can't get a mortgage?

If you are able... there are so many more possibilities because most people selling a property would rather be paid NOW for it rather than carry back the mortgage for a long period. And the risk that goes with it if you do not maintain the property.

Please do the home work before you get involved,

Pros & Cons of Rent-to-Own Homes | Home Guides | SF Gate (http://homeguides.sfgate.com/pros-cons-rent-to-own-homes-8463.html)

Rent to Own Homes - Pros/Cons, Tips, and More | Bankrate.com (http://www.bankrate.com/finance/mortgages/rent-to-own-when-it-s-not-time-to-buy-1.aspx)

AND,

Home Buying: What are the pros and cons of rent/lease to own? - Trulia Voices (http://www.trulia.com/voices/Home_Buying/what_are_the_pros_and_cons_of_rent_lease_to_own_-15028)

I think you do better managing your own affairs, and getting prequalified for a mortgage by using qualified people, like a good broker, or realtor, as a guide through the pitfalls of leasing/renting to own. Preapproval is what gives you leverage and much more options. It starts with understanding your own FREE credit reports.

There are normally some, anywhere you live, Craigslist is a good place to start.