<prompt> Human: Hello,My fiancee and I have been together for about 7 years and we are getting married at the end of this year. The entire time we have been together we have rented, starting around 1400mo and gradually increasing as our incomes increased to now about 2300mo.We are seriously considering purchasing a fee simple town home for 380,000 in Miami Beach, FL. The area we are looking at is up and coming and this particular property is fairly unique so we see it as an investment opportunity long term. We have been pre-approved for a mortgage at this price with a monthly payment of 2250 including taxes and PMI.Our lease is not up for another 15 months but this property will probably not be on the market long similar properties have sold in 2-3 weeks so we are trying to decide what to do.We can terminate our lease and lose our deposit of 4,400 or potentially rent out the town home until our lease is up. What other concerns should we have in this scenario? We are curious what personalfinance has to say about a situation like this.Thank you in advance  <response>: You should probably also hit rRealEstate for a heavy dose of reality on the term up and coming. Ive seen this scenario a lot in my life. My uncle recently fell for this trap also. It seems like you want to move so you are making this property out to be a diamond in the ruff. I used to be a RE agent and if it was a diamond in the ruff you wouldnt have time to discuss it on reddit. Any home that is priced right will sell in 2-3 weeks. Any home that is too good to be true will have offers in 24-48 hours. If its worth 4,400 dollars to you to move right now, do it. If not, dont. However we you think is special about the property probably isnt. You wont believe that though. The only other thing to note is that owning anything comes w a good bit more of expense. However Im sure you know that. Personally I would finish the lease and buy when you are all set to do such. You can also do the reverse of what you are considering. Buy the house and rent it till you are done w your lease. 