The simple truth is, any homeowner can lease their home to you and give you an "option" to buy their house. That is basically what a rent to own or lease to own is. The problem is, when you move into a rent to own home you sign an option agreement that gives you a VERY specific amount of time to purchase the house.
This means that if YOU don't go out and qualify and secure a mortgage within the "option period" you will lose your right to purchase the house.
There are a few things to be aware of when using a rent to own, but if you educate yourself, you can use this strategy to secure a great deal!