Getting Creative on Finance for a Condo

[Kevin Branin]

A co-worker has a condo he is renting that he wants to get rid of.  There is still some owed on the mortgage.  What are my financing options here?  

The value of condo is @ 200k,

HOA fees 231/mo

Rent $1450

It's not looking like the best deal, but perhaps there is a way.

Could said co-worker use a refi to pay the remainder of the mortgage, and then assign the note to me?

I know we could do the "subject to," and i would just keep paying the mortgage.

Let me know if these suck, are OK, or are out of the park homeruns.

-Thank You!