Family member wants out of mortgage/property. How can I take over property?

[Richard Villandry]

Hey BP,

Need some help here. My mother owns a condo that's worth around $100,000 and owes about $72,000 on the mortgage. She currently has a family friend who has been renting it for a couple years but has no interest in being a landlord and doesn't want to think about the property. She is will to hand it over for what shes owes to give me a chance to jump into REI.

My question is how can we get the property into my name without having to pay a down payment. My intentions would be to try and refinance the $72,000 into a new 30yr loan to increase cash flow.

Any help would be great!