lease with option to buy

[Virgilio Garcia]

Hello BP its me again with another question. 

can anyone who has dealt with a lease with option to buy, discuss how that type of financing works or does not work well. 

I want a multifamily in the Bronx area and here in NYC prices are high and this down payments are high. A lease with option to buy sounds like a good idea where let say i am halfway to saving up cash for the down payment, i can get a lease with option to buy and save up the rest of the cash for the down payment. 

any experience, knowledge, ideas and wisdom is greatly appreciated. 

thank you BP.