That way, I can at least afford on my own to cover the mortgage payment if the property is vacant for an unexpectedly long time.

So if a 30 year note had 200 payments left and you bought 60 payments, then those 60 would come to you right now and the last 140 back to the original owner.A seller will give you a contract to sign and they may have their servicer handle the closing.

I am 24, currently own a startup in printing and IT services.

I can refer you to my investing group's financial experts (accounting firm / law practice), if you like.Where the issue may be getting confused is that the interest on financing is an operating expense for income property, but the principal portion is booked under debt service, as I understand it.

Rentometer is a free service for users that need a few reports and you have exceeded that limit.

Even if all expenses and debt service cost 60%, you'd still have a 10% Cash on Cash return.

Calculate your NOI and then take out capital expenses and debt service fee to calculate your cash on cash return.

They can afford a monthly payment and want to own a home not rent.  

Check out the Marketplace for ads about lender's products and services.  

I recommend S&S Property Services (443)3407310