<prompt> Human: Ok, so its a little complicated. I dont expect too many people to chime in on this as its probably a lot to take in but Ill share my position anyway. Im 30 years old with no wife or kids, I live in Melbourne and my family and assets are all back in Perth, AUS. I have house valued at roughly 430k in Western Australia with 215k mortgage left on it. I want to sell the house, pay back the mortgage and buy a 1 bedroom apartment in Melbourne outright so I can live it and survive off very little income. So basically, I have 200k to buy a house. My brother is selling his apartment to move into a bigger house and will have 100k left over to invest and he wants to put it with my 200k to buy a house somewhere but not an apartment because they dont increase in value as much as houses according to him plus the added costs of strata fees which he doesnt think is a good investment. He did say hed accept that we could combine our money to buy a 2bedroom home and I live in it and rent the room out to someone for about 120 a week and give him the rental money. The problem I have with this is A I want to live alone dont need to, just want to and B the only houses selling at around 300k in Melbourne where I live now are too far out from the city. Now, I have my Mother whos about to retire but she needs to get rid of 400k to get the pension so she wants to buy a house in my name and rent it out for personal income. My family is pretty open to suggestions at this point so ultimately, you could say we have 700k combined to buy property but I want a place to stay rent free with as little financial responsibility as possible, my brother wants an investment and my mother wants a fixed income. Any recommendations or advice?  <response>: Dont get involved. Nothing good can come of it. 