<prompt> Human: It seems like a good plan, but I dont know anything about buying a house.My wife works full time at a stable job and I go to school about 3 years left. We do not have any debt. Our finances would allow us to make a double mortgage payment each month with the renter income.Assistant: How do you guarantee the basement is always occupied? That seems wishful thinking to be true 100 of the time.Keep in mind housing costs are considerably more than just the mortgage payment. There are a lot of other costs which increase for purchasing a house. If you cant quickly name 5 of them, you need to spend a lot more time thinking this decision through and understanding home ownership before making one of the largest financial decisions you will make in your life.Human: The house is located in-between two large universities, and has not gone a month the last 5 years without a tenant.I know all of the costs. I should have been specific: Is this a relatively financially sound decision? What are some less obvious risks involved?  <response>: I know all of the costs. I should have been specific: Is this a relatively financially sound decision? What are some less obvious risks involved? Perhaps you could tell us the costs then? Youve provided no useful information, so nobody can answer your question. 