<prompt> Human: First a little back story to explain my situation. Personal: I am living in the US with my girlfriend and herour two kids. The two children are from my girlfriends previous marriage but their father is not around and they see me as a father figure. Im 23 years old and I graduated from college in 2014 with a Bachelors degree and now make 52kyear. My girlfriend is 26 and makes about the same, possibly a little less, bartending and managing at a local bar. She is also taking classes here and there to get her Associates degree. House: I lived in the same house all my life until I graduated high school. My Dad and I lived at the end of a dead end road where the last three houses belong to my Dad, my Aunt, and my Grandma. We are a very close family. My Dad remodeled our house in about 2008 to make it two stories, and put a half court basketball court in the back yard. Its a great, big, nice house that I always loved growing up. When I went away to college in 2010, my Dad moved an hour away from town and started renting out the house. Now to the present.My Dad recently gifted me the house and the mortage. There is about 100k paid off of a 250k mortgage that is now in my name. He has given me the option of A. keeping and living in the house or B. selling the house, giving him the money, and he will pay off my student loans, which will be about 25k at that point. My girlfriend and I are currently renting the house from him because he is helping us out until June of 2016 to give us some time to decide what we want to do. We currently pay 1k a month, plus utilities. The property taxes on the house are about 6-7k per year which is very high for this size of house for city we live in so if we were to keep living in the house, our mortagetaxeshouse insurance payment would be about 1600-1800 per month. We definitely could swing this, but it would make things a little tight.Things Ive considered: This is the house I grew up in, and I now have the opportunity to buy it with a 100k gift from my Dad, things might be a little tight for a bit, but my girlfriend and I are young and will keep getting raises as time goes on. But, I could find a house for 150-250k in a different part of town and pay about half the taxes on it.So, what advice does rpersonalfinance have for me?  <response>: the nice thing about keeping this house is you know the houses history. You know when the roof was fixed, were short cuts taken in the upkeep. Flood history and all the little idiosyncrasies that are a crap shoot when buying a house are known. That is a huge money saver down the road. You wont be surprised by the oh crap this broke? we just moved here moments. You can at least predict repairs and replacements going forward 