Lease To Own to get started?

[Rob Sawyer]

Like many new investors, I am under funded and less than attractive to banks for financing. I have an opportunity to get into res multi properties via Lease to Own thru a group of partners who purchase tax lien properties and lease them. They do it on a one year, renewable as needed, basis. My intent would be to lease until my situation improves within 2-3 years. The numbers would cash flow but I'm seeking advice on the downside to an arrangement like this before I move forward with this process. Any help appreciated!

[Justin Ward]

I'm definitely not the person to answer this question but if I were in your shoes some questions I'd want answered would be:
How the eviction process works when you aren't the property owner?
Who pays for and arranges major and minor repairs, and if it is you then does the group write off the improvements and depreciation? 
I'd also imagine that you wouldn't be able to write off mortgage interest since you don't have a mortgage.
Does the property have any remaining liens against it that could threaten your investment down the road?

I'm very new to REI, so maybe these are dumb questions but maybe one of them will be useful to get answered if you haven't already.