<prompt> Human: Hello,I am currently renting my 2 BRBA condo from a family member for 900month, utilities included. The market rate rent for the condo would probably be on the order of 1200, utilities included. My family member has offered to sell me the condo, and I am unsure if its a good plan. See below for a list of metrics from which you can judge my situation: Estimated Value of Condo: Similar units in the building have recently sold for around 130k-150k. Current mortgage: Theres around 80k on the current mortgage, monthly payments are around 1k, along with an HoA fee of 200 or so. Family member has offered to just let me take over the mortgage from them and take responsibility for the place. My Finances: 29 years old, just out of grad school 2 years ago. I make 67kyear, monthly takehome is around 3000 after 5 retirement match, roth IRA, insurance, taxes, etc. I have no student loan debts, credit card around 1k, cash reserve is 2 months emergency fund, around 12k in retirement savings. My car is old, Ill probably need to replace it in a couple years time, but other than that I see no other large purchases on the horizon. Future Plans: I intend to stay at my current position on the order of 2-4 years more. My commute from the condo to the office is very good, only 10 minutes. The growth potential for salaries in my field is very good, I could be making 100k once I have more experience. Do I like the condo? I do like the condo itself. Its in an old building and some repairs have been needed, but its spacious and convenient. The area is definitely not that desirable, not walkable at all and not near great amenities. Nonetheless, 20 minutes drive from my favorite places across the city.  <response>: If your family memberlandlord hadnt offered you this deal, would you today consider buying a different same-sized unit in your community for 80,000? Wouldnt you be asking why the seller was willing to sell something worth 140k for 80k? Wouldnt you ask yourself and them whats wrong with the place?? Do they seem over-anxious to be rid of the place and put it in your name? Id wonder why.It looks like your family member is offering to gift you 60k in equity. Would they be willing to sell the unit in 2-4 years or when youre ready and gift you 60k cash toward purchasing a place that you choose for yourself? Its basically the same thing without all the interim fees, taxes, transfers, and other hassles. 