Buying M/f Property Through Lease Option: A Good Idea?

Hello,

We recently bought our first home through a lease purchase option. We were able to go through the whole homebuying process like regular buyers and an agency bought the house for us while we paid them the lease directly. Within two years, the agency sold us the house through another financing option.

Would this be the way multi family properties with lease options work?

Would we be paying the present owner of the property the payments and after a certain time, finance the house and transfer ownership in our name?

Forgive me for being naive. We really want to get into investing in real estate and we are very much, newbies!

Thanks for your time. rolleyes

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