<prompt> Human: So my parents found a modular house thats worth at least 79k that the owner is trying to liquidate because he has some major health problems. They can get the property for 20k, but they have horrible credit due to a recent short-sale and looked to me for help. The way they put it, if I managed to get a loan for 20k, I would become the owner and they would pay me back the note instead of rent. This way they could retire in this house my dad is already 73 and Id have a property. They have been in sticky financial situations in the past, but have never been in situations so dire they couldnt afford rent, so Im hesitant, but do trust them. Im only 24, and make about 20,000 a year as a grad student. How much of a risk does this seem to you guys? It sounds like it could potentially be a good opportunity for me, but Im not familiar with owning property or notes. This is in the US btw, if that helps.  <response>: If you can afford to give them 20k, then do it. If anything goes wrong you absolutely wont pull the trigger on a lawsuit-- and even if you did, they might be judgment proof at that point. So its effectively a gift to them that might have some pleasant returns. 