I was wondering if there is something between a buyer and seller that there's an arrangement where I own the building but am making payments to owner so I don't have to deal with as much interest.

I didn't make any of the arrangements at all- and I'm pretty sure the owner of the rental didn't either.  

I'm not sure if I'll be in Willingboro this week or next but shoot me a PM and we can arrange a meet up.

Maybe we can arrange a meetup in a location that would be easy to get to/park for people?

You may also need small additional time to allow for staging if you do that.

Still in my initial stages of learning about real estate but I wanted to make sure my background assumptions still valid to help me steer towards my goal.

Im currently in the finishing stages of my rehab & in need of a detailed scope of work for company I'm hiring to handle the painting, compounding , plaster & taping of the house.

If you have heard of such arrangements is there a name for it?

You can be compassionate but not be a charity at the same time.Best advice is to show empathy to their situation but be up front and make arrangements/agreements BEFORE it comes to that situation....don't wait until it comes up....deal with it now.

It's barely NOW showing signs of life.I would love to have the owner finance the property for me, however, I haven't asked yet because I just assumed since the gentlemen is in the later stages of his life, he wouldn't want to carry a loan and would prefer the cash up front.