Refinance and transfer ownership

[Davit Gharibyan]

Hi, my parents purchased a house for flip but it did not go according to the plan. The house has been on the market for 6 months now and has not sold. They do not want to go through renting the property. I am wondering if it is possible to transfer the property and the loan to me. I will rent it out for 1-2 years, then possibly will sell it. Is the process like buying a house basically?

Thank you.