<prompt> Human: Hello all, throwaway here. Id like peoples input on my current situation and a possible condo purchase.Stats:Assets:Salary: 60,000CheckingSavings: 10,000401k: 8,300Stock: 675Old but paid off car, will be driving it as long as it stays alive, though if I move out I can sell this and eliminate all the related expenses.Liabilities:Student Loan Debt: 74,000 7 federal grad loans, this is weighted avg. Currently paying 560month.Credit Card Debt: 6,275 0 intro rate through Sept 2014Monthly Expenditures: Living at home- rent 200, car insurance 30month, gas 85 a month, 300-500 entertainmentvacation, etc., 750 including company match into 401k.Im an attorney who graduated in May 2012. Passed the bar and managed to get a job, though obviously it isnt the biglaw job everyone shoots for. I began working 11 months ago, and since January I have been living with my parents. Im 25 years old, and this living situation is wearing thin, and though I count myself lucky that I was able to impose upon them for so long, I need to get out.My parents live in the suburbs a 30 min commute from work. There is currently a condo for sale less than one mile from work. It is a foreclosure, but in fantastic condition. It has only been on the market for 40 days, and is listed for 199,500. Similar condos in the same building are listed for 250-300k. HOA fees run 80month, and there is a gym and doorman on site. I would like to put an offer in on the condo for 165k, but Id like input as to whether this is feasible given my current finances. It is a 2bed, 2bath condo, and 2 reliable people have offered 500-600 to come in as a roommate, Id just need to decide between them and both are willing to sign a 1 year lease. If I could get this condo at this price itd be an absolute steal, and while it seems like a reach considering my student loan debt, it would be manageable with a roommate and the location is ideal.So PF, please help me out and let me know what you think.General Totals I use YNAB and track everything, but as a breakdown:Monthly Take Home after 15 401k contribution: 3200Expenses: 1600 everything else for the last 11 months has gone toward debtThanks everyone.  <response>: Can I move out?Salary: 60,000YesAt 165K you need 33,000 cash for 20 down to avoid PMI. You are 23K short.Similar condos in the same building are listed for 250-300k. I would like to put an offer in on the condo for 165kThen when not buy it for 165 and immediately sell it for 250-300K and pay off your student loans?If its too good to be true...Go rent a place with these 2 reliable people as roommates. You are not ready to buy a condo. 