He loves them, but I don’t think he discounts the monthly rent like that. He basically takes a deposit that allows the renter to buy the house at a specific price. If time goes on past a certain date, or if they stop paying rent, they lose the option.
If the buyer rents a while and walks away, he has some rental income and he the deposit is pure profit.
If the buyer rents for a while then buys, he has some rental income and he has sold the house at a profit.