<prompt> Human: My wife and I have lived in the first home we ever purchased for the past 7 years. In that time, weve had 2 kids they are 18 months and 3 yrs old atm. We currently live in Minneapolis proper and have been exploring schools for our oldest in case we want to move into the school district we feel suits our needspriorities.Over the past year and half, my wife has become obsessed with Dave Ramsey and we have paid off 20k debt student loans, new car, yet have another 10k to go all while making around 100k. Day care is 30k a year, so Im actually pretty impressed with how strict we have been budgeting.My In-laws have taken notice and feel we have a solid budgetary mindset, and they want to help up on this trajectory. They have consistently said theyd rather help us when we need it rather then watch us struggle and inherit their hard work after they die. What a generous philosophy! So...here I am. Im looking for the best way to go about accepting their gift. -Do we sell our house and take out a mortgage on the new one and simply have them send the lender a banknote?-Do they purchase the home, and then we buy it from them minus 200k?-We owe about 190K on our current home. Should we have them pay off our current Mortgage and start fresh with sizable downpayment? -Other ideas?My father In-law doesnt really have a financial adviser, just a guy at the bank he talks to. Hes the one that recommend he start selling some property and liquidating his assets since hes near retirement. Thats where this idea sort of came from.Thanks in advance!Edit 1 - Thanks for all the suggestions, advice, and anecdotes. We truly are blessed to be in this situationEdit 2 - Renting out the house isnt an option. I have ZERO interest in being a landlord or dealing with a rental management company Assistant: A little against the grain here but... If your house is an issue too small, bad part of town then they would be happy to see you move up. But it sounds like you are very close to doing this on your own with your own means.So, if you dont need it, then dont spend it on yourselves. Suggest they put it in a trust for their grand-kids college. That sort of thing is a dream for a lot of older people, a legacy thing that will tangibly make its mark long after they are gone. One could make an argument that a new house for the familys comfort or a better school district is the same result, which may be true, but if you can handle that yourself then this is a way to remove a lot of worry and stress from everyones life for a long time.Human: This is partly the case. They are trying to coax us out to the affluent suburbs instead of the inner city schools. However, they have stated over and over there are no strings attached to this gift.Assistant: Minneapolis has some good schools. Dont let your inlaws assume that schools are bad just because theyre diverse. Ive interacted with kiddos at my neighborhood school, Whittier, and they are sharp as tacks with great teachers. Their curriculum and level of diversity lead to students who are woke af. Human: I agree! Weve toured many community schools Hale, Northrup, Dowling, St. Anthony, and soon Armitage Montesorri as well a couple charter schools. However, if we move into those areas, wed take on a larger mortgage and potentially smaller home. edit Open enrollment is too big of a gamble for us. Wed rather move into the district for peace of mind  <response>: Its definitely a balance. Just wanted to throw it out there since Minneapolis proper is amazing, especially for young families. I grew up in the suburbs and the life I had there was constrained due to needing a car to get around. My mom commuted for over an hour every day so I didnt see her as much.FWIW, I think Whittier is a magnet school. 