<prompt> Human: We are newly married, still renting. I have 160k of debt between school loans and our cars. My inlaws are going to lose their house from a bankruptcy in 2016. His company essentially failed and he lost his house. Now, he wants to build a new house next to his son. He is asking me to put the 280K mortgage in my name and he pays for everything. Hes suggesting an LLC and we could draw up a rental aggreement if i wanted.I hate mixing business with family. My own father asked me last year to do the same thing for him, only for a car. Instead I just outright bought the car as a gift. I would resent it if he were late, or something else comes up that would complicate matters.This is even bigger. My wife doesnt understand anything about finances at all, were talking zilch. The way i see it, we lose out because of a hit to our credit, esp when it comes to us buying a house. The risk involved if they lose they job or become injured...i cant exactly evict them so that would be something id totally have to bear.im a doctor and say i get sued, then they could lose their house.pay for an LLC, have to pay commercial ins policy in addition to homeowner? The infamous Due on Sale clause if they want to transfer the mortgage over down the road. which they are saying will hopefully be within a year, but cmon lets be realThere are so many things out there that Im probably not aware of! Anything else out there that might give me a headache?EDIT - tough to keep up with the inbox but im trying. thanks to everyone for backing me up and for tips on how to smooth things over when making my case to the missus and then to him.EDIT 2 - i had the talk with her. she didnt fight me on it, only that I should just discuss it with him. I dont mind that at all. Ive been drinking scotch reading all these posts so i gotta wait until tomorrow lol. then the deed will be doneedit 3- the deed is done. stood firm. convinced my wife and we were united. he took it well but Im dreading seeing them in person again due to awkwardness Assistant: also, if i use the LLC. i think i may have to prove to the bank that i have a certain amount of money saved up. 6 months of rent for each property, my own plus the rental. this is since the business isnt well-established. that could be about 25k. how the heck is this gonna work?  <response>: how the heck is this gonna work?Its not. DO. NOT. DO. IT. 