<prompt> Human: Im a 27 male. My parents approached me about a year ago wanting to buy a food truck and start it as a family business. While they had the cash to buy it out right, their banker said it would be better to finance it for tax purposes. Over the last year I have did all the day to day operations while my step-mom has done all the behind the scenes stuffI.e. scheduling, bill paying, etc.. There was a conflict with the franchise owner that we bought the franchise from so we did have to spend around 10k on lawyer fees and 6k on accounting fee to figure that out and renegotiate our contract with him but that is finally settled. Also to be noted... my step-mom is going back to having a full time job. This is kinda why they are looking for a change in the way things are now.So now I got the back story out here are the logistics... the business is valued at the low end 150k but the accountant suggests more around 200k. Parents said they would sell it to me for the original price they bought it at for 90k. I would have to take over all my step-mom responsibilities of course. I have some what ok credit but nothing major to put up as equity. Is this even possible for me to get a loan of this size? Is there another way for me to finance this? Is there anything Im missing in this? Lots of questions I know...The other option for them is to continue owning the business and they want to drop me from salary to hourly. Because of the lawyer and accounting fees this year, they havent put as much to their loan payment as they want. They have one kid left in high school and are wanting to move once he is done in 2 years. Their house is wrapped up in their loan for the business. As of now I make 52k per year on salary. They want to drop me to hourly where I make around 40k per year hourly but I have chances for 1k a month bonuses for performing my day to day task with no hiccupsthis we be everything from making sure the truck is organized and stocked to making sure I keep employees up to date and informed. I will still have to take over a few of the step-mom responsibilities but not all. I have done all the task they are asking of me 99 of the time... not to say I havent dropped the ball every now and again but I do feel I very responsible and my parent do trust me. Would say my biggest flaw is keep in contact with people... I hate cell phones... but I do believe I could hit every bonus. If I missed the bonuses... me and my wife could survive... things would just be tight. So its not life or death. Your input on this would be awesome. Either way I love my family to death so I know it will work out... I just want to put my small family me and the wife in the best situation possible to succeed.  <response>: The food truck is not worth 200k. Thats not how you value a business. Are you prepared to do your own research? Bc its only worth whatever it would take to get the exact same biz setup, not the potential annual income.For ex: if it costs 40k for the equipment and 10k for the franchise fee, its worth 50k and Id expect a discount on top of this as its a family transaction and you have been the person generating the income from this. Another ex: If they bought it for 90k 3 years ago, its prob worth 65-70k now. Not 90k! This is a vehicle, not real estate! It depreciates! I hate to say this but it sounds like they are taking advantage of your inexperience in biz. 