<prompt> Human: Hi PF!So, as the title says, I have just purchased a 321K, 3 bedroom bungalow in an area in Ontario where the house market is booming. My dad and I are in the process of renovating damn near the entire place. Once renovations are over, I plan on renting out the 2 bedroom basement for approximately 1200 per month. I also plan on living upstairs, and renting out the extra 2 rooms to friends, for a price which I have not yet established. My dad is fortunate enough to have a large line of credit which I am using for renovation costs. We estimate that the total cost of renovations are going to be 45-50K, all of which I am going to have to pay him back. We are cutting costs where we can afford to, so hopefully that number ends up looking more like 40K or less. We are doing almost all of the work ourselves, so we dont really have to worry about paying contractors.Right now, my paychecks are anywhere from the 650-900 range per week, but may soon be changing to a steady 650. My mortgage payments and property taxes come to 1700 per month, adding 300 onto that for house and car insurance. We are using minimal utilities, I havent even received a hydro bill yet, as we just got the house. Not using any gas until winter. My car is paid off, so nothing to worry about there. I have no other debts. Right now my hourly rate is about 22.50. I get anywhere from 36 to 48 hours per week right now, excluding night shift premiums and overtime rates, which explains why my paycheck can vary so much. My wage will increase every year for the next 3 or 4 years as I progress through my apprenticeship and become a journeyman currently at 46 an hour benefits, pension, vacation pay, etc.So I guess my real question is, where do I go from here? How do I go about paying my dad back in the best possible way? Im currently sitting at 3100 in my bank accounts, with another 2 paychecks to come before my mortgage and insurance payments are due. I do not have an emergency fund, but I am going to be starting that NOW. I kind of skipped that part. Thats where I stand, Im sure I will be able to figure something basic out myself, but I thought Id post my situation here in the hopes that someone can give me some great advice. PS. I plan on moving out of this house when I pay my dad back, and renting out the entire upper floor as well as the basement. Thank you very much! :  <response>: Dont rent to friends if you want to stay friends. 