If you own cash, then you will probably have to get a loan to buy out the other person (most people don't have hundreds of thousands of dollars sitting around to buy someone out). 

I mean the person whose name its in likely did that themselves!

Personally, we would not do that deal.  

That's the reason why we sign leases in person, so we can go over the main issues in person and make sure they are understood. 

Geez, there’s so much opinion, emotions, beliefs, and personal experience in this thread.  

What is your personal criteria for buying here?

I don't just hand over money unless I have a good respect for the person. 

That person isnt to hard to find.

This is the same type of personality to gaslight you when you don't agree with their view on a deal or something goes awry, gatekeep you from information and deals, and become a resistance force in actually becoming a REI. 

The thing that the gurus never tell anyone is that the majority of creative finance deals are done by investors who don't need creative financing, that is their leverage and why they can walk away, thereby making them more attractive then the one person who can only do the deal one way because they have no money of their own.