You would just need to work out your mortgage and interest payments with him then while you pay the $300k he will pay off the note. 

I came across a property where the numbers seem to work out.

Thanks David, it did work out in the end.

After that, we'd work out an OA.

You can work out your financing, or learn about that...If you purchase for $300k with $60k down, then your loan is $240k and cash is $60k. 

They are: read 10% of a book per day, workout 5 times a week, wake up at 6am each day, look at two deals per day, do not eat out (bad habit lol), put $10 a day away into stocks, listen to 20 minutes of a podcast, post on BP Forums 4 times a week, post on social media 4 times per week, and on average do 30 dials/texts per day to wholesale leads.

Lenders will be looking to do loan workouts which will take some time whether these attempted workouts work or not.

One tenant who was going to move in with a roommate decided in the 1st month things won't work out, and he hasn't moved his stuff in yet, What did he do?

I know they don't all work out like this, the court was helping me.

If you are looking to reduce prices, find a small shop with a guy and his son who work out of their home and you will likely get better rates.