<prompt> Human: So I have found myself in a position where I can buy a house that has a retail value of around 120,000 for only 70,000 due to some previous family ownership. The property can probably fetch around 600-700pcm rent which equals roughly an 11-12 rental yield plus the 120k that I should be able to get for it when selling. My initial plan was to rent it out for a few years, perhaps break even on what I spent and then sell it a specific term in the contract for getting it for the discounted price of 70k is that I must retain ownership of the property for at least 6 years otherwise I would sell it immediately after buying. Im aware that 11-12 rental yield is greatly above average at least where I live and so it seems silly to pass up the opportunity, however I currently do not have 70k cash and I am also not sure how reliable the rental income would be given that there seems to be a lot of uncertainty surrounding the current property market. Does anybody have advice regarding this? Im currently a 19 year old student who lives in another city to the property and so I would not need to reside in it and also unemployed so itd be next to impossible to secure a mortgage.  <response>: You didnt say a thing about how much you make a year, at 19 I cant imagine its much. The reason I ask is because the second that vacant month hits you your 11-12 greatly above average yield goes to shit. 