<prompt> Human: Im in law school and my wife is a school teacher. I have one more year left of school and we want to be in a home in the next 2 years. Currently we rent a two-bedroom apartment for 740 per month. nbsp;Currently, I feel like our only road block is coming up with a down payment. I really would like to come to the table with 20 to avoid paying PMI. What suggestions do you guys have as far as preparing to purchase a home? We were looking at something in the 150-180K range Cost of living is low where we live. Short term saving tips?  <response>: You mean 150-180k?You should be looking at a 30-40k downpayment on top of a healthy emergency fund 8-12 months expenses.Also, I would wait until you are gainfully employed as a lawyer before buying anything. 