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Rent, Own, or Rent To Own in the Fisher Studio Houses

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The owner of a condo in the landmark Fisher Studio Houses, designed by Andrew Rebori and Edgar Miller, is looking for a buyer, a renter or both for a 1BD, 1BA unit. The current asking price for the 750-square-foot condo is $261,000, which the seller describes as a "sweet deal." Although rent-to-own and owner financing are mentioned in the ad, no details are provided for how either scheme would work. The ad does mention that the unit is currently being used short-term rental, but that the owner "doesn't want to manage this as a business." Elsewhere, we found a short-term rental ad for a 750-square-foot 1BD, 1BA in the building that's renting for $4,448 per month. Is that a sweet deal?
· For-sale listing: 1209 N. State Pkwy. [Postlets]
· Vacation rental listing: Quiet Gold Coast Duplex [Roomlender]