<prompt> Human: Hi all,First off, Im sure a lot of people are laughing and ready to tell me its a bad idea and way out of my league...Im aware of it and ready for it :-D... However, please bear with me as I explain the situation. The SituationI live in a ritzy upscale beach town in Southern California. We came across a house that is undervalued by about 250k weve done a huge amount of looking; its being sold through a trust by some heirs who live on the east coast - original owner passed. I want to emphasize that this particular house is a legitimate findgem in every way imaginable. This house would be a safe bet to sell for profit in 4 years.I am gainfully employed with impeccable credit, 31 year old male. Total liquid net worth 100k. My job has enormous amounts of potential upward mobility my immediate boss makes 1Myear.After taxes, I take in 5kmonth. My monthly bills are usually around 1,500. No other major expenses. I have family who couldwould potentially let me borrow or give money to help pay for this house. Part of the house could be rented its large and has a separate entrance, bringing in, at minimum, 1kmonth. At best, I could rent it out as a vacation getaway for 1kweek, sporadically as weird as it sounds, people do this all the time here because its such a popular destination. So, Im wondering what would have to happen to make this purchase, however much of a long-shot, a possibility. I very much understand the risks involved and the many reasons why I cant or shouldnt do this, but for now I just want to brainstorm the possibilities because I do in fact have family around me that could and would help. The Costs 1.2M mortgage, according to Zillow.com 0 Down - 8kmonth 200k Down - 6.5kmonth 300k Down - 5.6kmonth 400k Down - 5kmonth 500k Down - 4.5kmonthSeems that the only possible scenario is if I were to get relatives to givelet me borrow enough to put down 4-500k, then rent out the extra space. Are there any credits, first time home buyer incentives, benefits, or options that would make this feasible? Thank you much for your help...and your patienceEDIT: Thank you all for the input and for crushing my dreams...you bastards.  <response>: In my opinion youre trying to build a castle in the sky here.I live in a ritzy upscale beach town in Southern California. We came across a house that is undervalued by about 250k weve done a huge amount of looking; its being sold through a trust by some heirs who live on the east coast - original owner passed. I want to emphasize that this particular house is a legitimate findgem in every way imaginable. This house would be a safe bet to sell for profit in 4 years.Undervalued by 250k...according to who? Are you a real estate expert? The market has a habit of making legitimate gems fairly hard to find - I dont really see any reason to believe that you have managed to find one.I have family who couldwould potentially let me borrow or give money to help pay for this house.I just want to brainstorm the possibilities because I do in fact have family around me that could and would help.That doesnt mean they will. Part of the house could be rented its large and has a separate entrance, bringing in, at minimum, 1kmonth. At best, I could rent it out as a vacation getaway for 1kweek, sporadically as weird as it sounds, people do this all the time here because its such a popular destination.You still cant afford the house.Seems that the only possible scenario is if I were to get relatives to givelet me borrow enough to put down 4-500k, then rent out the extra space.Basically. Either that or you win the lottery, significantly increase your income in your enormously upwardly mobile job, or find a better deal.Are there any credits, first time home buyer incentives, benefits, or options that would make this feasible?No. If there were, people that couldnt afford 1.2m houses would be buying them more often. 