Can a creative option help this person?

Hi all,
Talking with one of the neighbours, he is concerned that his landlord is putting the property he rents on the market. Peter is on a 1year lease until mid-next-year, but is also wanting to look at options of BUYING the place. His situation does not allow this right now – he is employed, but previous circumstances have left him without a deposit, and in some kind of debt arrangement following a divorce. He comes clear of all of that in a year or so.

He is wanting to know if something like a Lease-option, wrap, or something else can work in his situation. This would mean someone else would need to buy the property first, but arrange to sell it to Peter within a two to three year timeframe under such an option. The property is in Logan, with median values around $260k.

One option would be to have a buy’n’hold investor simply buy it, and Peter continue to rent it. He likes where he is, as it has a large block – he has two large dogs, so is limited in where he can rent. Another reason for him to be a very stable tenant, and a future buyer if a deal can be done that way.

Any ideas? Any hope for Peter?

Benny