<prompt> Human: Hello everyone, so I wont make this too long but I am on the fence about this. My parents bought a house in Florida back in 2005. It was built for them, and was right in the middle of the housing boom. However, lot of things have gone awry for them so they have moved closer to work and left the house there to be foreclosed on. Since nobody was living in it, I decided to move in and see how I like it. Its pretty nice. House needs some work, but in great condition. Has a pool, 2 car garage, about 1600 Square Feet under air. My parents approached me about potentially buying the house bc they received a offer in the mail. The offer is the following:Current Principal Balance: 210,000New Principal Balance: 147,00030 year fixed mortgageMonthly payment including Tax 539So, the deal is I got divorced last year and have about 1000 in savings not a lot I know, but im working on it. I also just graduated college and I have about 41,000 of student loans. To take over the house I had to move MUCH farther from work. I drive about 40 minutes on the interstate now to get to work instead of 10-15 minutes from my apartment. The commute, but my thoughts and justification for taking the house over is as follows. My credits been ruined the last 5 years so I am currently rebuilding it. The deal above is available for my parents and not me, and I realize I would not get a loan right now nor would I want to since I dont have any substantial money to put down on it. So, for the time being until my credit is back up the house would remain in my parents name but I would pay the mortgage and all the repairs that the house needs. And then, after 2,3 or 5 years later who knows I will buy the house from them. I would just makeup a simple contract to have my parents sign that basically says that although the house is in their name, any revenue accrued here-forth from either renting the property out or selling it will be 100 mine and whenif it comes time for me to take over the house into my name it will be signed oversold to me at its principal balance rate. I have talked to a real estate agent in the area and he agrees that the area the house is in is blowing up and will continue to be a hot area over the coming years. In fact, if the house was mine right now I could very likely sell it for 180 and already make a profit. So, right now to me it sounds like a good idea bc its a investment. The house wouldnt be in my name for a while, but I could potentially still sell the house while under my parents name which I would definitely profit from but the house will technically have never been under my name. Here are some basic numbers:Average monthly income: 1900 after tax 5 of which is going to a 401kMonthly expenses:180 Car which I will have paid off in 13 months90 Car Insurance200 Gas280 Student Loans250 Food150 UtilitiesTotal 1150Left 650I also have plans to go back to school to get my bachelors which will likely double my monthly school payments in 2 years, but if I am making more money with my bachelors then that shouldnt be a problem. It should also postpone all my student payments but one until I graduate so that would make my student loan payments 50 instead of 280 bc 1 is a private loan. I personally think its a great investment opportunity for me, but I was curious what you all think since this is a big deal.  <response>: It is not a good investment for you. You are 40k in debt, you do not need to add an additional 140k of debt plus repairs, especially if you are going to go back to school soon. That would put you at 180k in debt, plus repairs on the house, plus property taxes, plus all the other expenses of owning a home 