<prompt> Human: PF, Im a 24 male living in WA state. I am married but my wife will not be part of the purchasemortgage, we are both self employed, which makes it difficult for me to obtain a loan due to not having 2 years of self employment history. Moreover, the market is insane in Seattle. All 4 of us me, wife, parents currently rent separate apartments around Seattle but we want to ultimately own a home. My dad has been employed with the same company for 8 years and makes 95k a year, his credit score is 820, no debt, no prior loansmortgages. This is the first year for my business and I have made 45k net so far since January but I dont think its relevant since lenders typically want to see 2 years of history. Anyway, heres what we want. Me and my wife want a house with 2-4 bedrooms and some land. My parents want a few acres of land but they want to build a mobile manufactured? home on it. Therefore, I was thinking of combining our forces and buy a house that sits on a few acres around 5. Me and my wife would live in the house and my parents would build their mobile home somewhere on that property. Why would this be advantageous for all of us? First, neither of us can afford what we want. I probably cannot quality for a 650k mortgage and my dad would have to purchase the land and build the house with cash, which be doesnt have. Onto finances. Me and my wife have around 70k saved for a down payment. I would use that money for the down payment and split the mortgage payment like this: 23 of the payment comes from me and my wife since we live in the house exclusively and also use the land, 13 paid by my parents for their use of the land. My dad would be able to pay cash for building the mobile home itself. Does this make any sense? How terrible this idea is? I should add that I am in a healthy relationship with my parents, they are very responsible with money and we would both be owners of the property probably different percentages. Is this even possible? Can we apply for a mortgage in this scenario? I appreciate your time and advice.  <response>: Id say just keep saving an do it on your own. Having all those people tied up in the purchase is asking for problems. 