<prompt> Human: So my dad is a landlord of a 10 unit apartment building. Due to legal stuff with the previous owner, he owes 450k or something on it. He has a few options:- Sell it outright and walk away with about 50 - 90k- Refinance but would have to come up with 50k to pay off the rest of the debt, which he doesnt have a way to come up with the 50k- File for bankruptcy- Or sell it to me for 500k, and he said I would then resell it back to him in 6-12 months for 550k, and I get the 50k profit. The building needs some work done but when thats said and done the property would be worth a bit more than its current appraisal. The reason he wants to do this is allow his credit score 650 to improve so he can later refinance again I believe at a lower rate. My interest rate is is around 730 which is why he wants to sell to me. Also if it matters, Im 24, make 65k, and 25k in student loans. My gut is telling me not to do it.. help me internet! Edit: The property was appraised for 750k. He said with that I could get 75 of that as a loan to pay for it. Edit 2: I believe the property is about to go into foreclosure due to the legal issues with previous owner he bought it from. Final edit: thank you everyone for the input. I have decided not to go through with this.  <response>: Well, for starters, nobody is going to issue a multi-unit loan on a half-million dollar building to somebody making 65K a year.Not a whole lot of this makes sense - did the original owner extend short-term owner financing to him, and your dad now has to pay off the previous owner? 