<prompt> Human: My mom had cancer almost 10 years ago and its gotten to the point where she needs 24 hour care. Dad has too much money in his 401k for her to qualify. Went to elder lawyer and they suggested a spend down.Hes set to withdraw half his 401k at a penalty leaving him with about 35-40kSisters suggested He and I mortgage a condo together.A little background about my situation. Im also disabled but working. I take home roughly 1500mo but have 20k in student loans. I know I need a new job but Im trying to wait until all of this is dealt with before making any moves.Sister put me under the impression that all this needs to be done ASAP since they want to submit the medicare application by the 20th. I submitted a mortgage application looking for a letter of prequalification. Get denied because Dads credit is too low and my income to debt ratio is too high. My good credit score was downgraded to fair in the process and Im not too happy about it. I should be more knowledgeable before I rush into these things but thats another story. Sister says we can work with someone who can get us approved with lower credit, but I dont even necessarily wanna live in a condo. Nor do I want to take another hit on my credit score simply for exploring options.Any help and real guidance is much appreciated as my first taste into real adulthood has been a bitter one thus far.  <response>: Rushing into purchasing a condo with a family member is not a good idea. And spending down to qualify for medicare may make sense and the lawyer would know better than I would, but he has to be very careful to be spending down the money and not hiding it from the government. You dont want to get caught up in the latter.It doesnt sound like youre in a position to be purchasing a condo. Which is OK, because it doesnt sound like you want one. Your father should go back to the lawyer hes working with to vet any plan he comes up with. Were talking about a irreversible decisions and big sums of money. 