Just remember one thing. It's a business and the house is an asset of that business.
this is so important. keep it as a business , they're not your friends . doesn't mean you have to be a ahole. just business. some renters are very good at working a landlord. also strong rental agreement, if you can think of it then put it in the agreement no matter how silly at sounds.
since it's only one house I would recommend the lease with purchase option.
and get an attorney for all this initial paperwork if you dont feel comfortable doing it yourself. you'll probably need one somewhere along the way anyhow even if things go well .
