"Are the owners willing to rent to me until my credit is repaired?" The short answer is "No, not in this market." This question comes up all the time. The Austin area market is "Hot". Why would an owner who wants to sell, tie up their property in a rent to own deal? My suggestion is to get with a REALTOR and a patient mortgage lender who can guide you in cleaning up your credit. In most cases, the mortgage lender can give you a realistic estimate of how long it will take to get you in a position to buy. This information will help you to decide if you want to stay put and buy in X number of months or find a rental until you do qualify. Call me if you need more help or a referral to a good mortgage lender.