Comment by walrus01

Yes, this about sums it up. If you take over a domain, you control its registrar records for what its authoritative nameservers are, so of course you can set it to your own custom nameservers and then define whatever MX you want to receive incoming mail flow. You don't even have to go to any effort of configuring working outbound mail. You just need to put up a very minimal zonefile with the MX defined, basic postfix email server with a catchall configuration and then receive any incoming emails for *@domain.com.