<prompt> Human: I am 24, single, have a full time well paying job 70k and about 19K in student loans. I currently pay 1000 a month on student loans and rent an apartment for 1125 in an area where most apartments go for 1300. I want to move out in November because my electric bill is thievery up to 400 a month on electric in the winter cuz its an old apartment. My parents are saying I should buy a condo in the area and rent it out if I ever want to move. I livework in a weathly suburb 30 min outside of a major city, so I feel like renting out the condo wont be too difficult in the long run. But, I dont know anything about owning a place of my own. Where do I start figuring out if this is a good idea? TLDR; Considring buying a condo in November, what info do I need to figure out if this is a financially good idea?  <response>: Dont do it. At your age flexibility is king. Owning a condo as a rental is often not a money maker. HOA fees as well as HOA rules can make it very difficult to make money renting out a condo. There is nothing wrong with renting. It is not throwing your money away as your parents and others might tell you. Renting a primary residence can often make sense. The key to becoming wealthy is incredibly simple. Make money, spend less than you make, invest the difference. Renting or owning a primary residence is largely a lifestyle or emotional decision. Some people love owning, others like me love renting. Its up to you. 