Lease to Own/ Lease Option Questions

[Amily Yi-Chieh Tseng]

Hi BPs! 

For a "Lease to Own" deal, if the buyer decides to purchase the property, can the buyer "refinance" to purchase the deal?  Or is it considered a regular loan and DP is required?  Technically, the house is not under the buyer's name so it shouldn't be a refinance situation, am I correct?

We're hoping to put a deal together using either "Seller Financing" or "Lease to Own".  The property needs rehab ($50-70K), so we're trying to figure out if not using cash-out refi, how can we repay the rehab loan.  

Thank you!