What can I do with this scenario?

[Nik Smith]

I"ll start off by letting you members know that I have no idea what I'm doing, I've just done reading in the past on this website and have looked at wholesaling.

I'm going to write out a scenario that I'm in, and I would be grateful if anyone could recommend some possible deals that could be done.

I have a friends dad who wants out of his house for whats owed on his mortgage, which according to zillow is market value. It has upgrades and may be worth more, so I'm willing to get a estimate from a friend/professional on the value.

The owner is in no rush to sell, and willing to sign a contract to wholesale or whatever it may be.

I'm wondering if what kind of deals can be done? Would I be able to assume the loan at little to no cost and rent the property out? What is that, a lease to?

...as you can tell I haven't done my research and may be asking for a lot from you guys, so I understand if not many would like to help. I'm also aware that much more information may be needed to get the answers I'm looking for, so if you need info I can get you it.

Thanks in advance,

-Nik