Question: I have a seller willing to "Let me take over his payments"

[Scott Anthony]

So he is willing to let me take over his payments, which are $380/mo. I haven't asked him how he wanted to do that, But I am guessing that approaching it as buying "Subject-To" his existing mortgage would be the best way to go?

He hasn't asked for a down payment, or option fee, or anything, just take over payments. His house is in OK condition, and the tenants are moving out soon, and I should be able to rent it for 500-600 mo. He ows $23k on the remainder of the loan.....

Any ideas or suggestions?