Contract for deed possible takeover

[Rodney Thompson]

I know a person that has a house under a contract for deed. He needs to move and stated that he's willing to walk away from the house. This seems like an opportunity to me if the numbers are right. How should I structure a deal like this? I don't know if I should partner with the current homeowner, or have the contract transferred to me, essentially transferring his equity to me, or what? I'm looking for someone to give me some direction here. Thanks!