<prompt> Human: Ill try to keep this quick and simple: Age: 27Status: SingleGender: MaleYearly Income: 120000 35000 stock grant 12000 - 15000 bonus roughly 167kDebt 31k Student Loans 4.1Employer 401k 50 match up to the max. I max 401k yearly for 27k total 18k from me 9k from employerESPP 10 discount off of up to 15 of base comp - I max this.Credit Score 765Expenses:Rent utilities 750 I rent a single bedroom in a 4 bedroom house.Im a simple guy. I drive a used car thats worth 8k. I dont need flashy things. I do like to purchase expensive tech gadgets, but thats about it. I also eat out a lot. I am thinking of purchasing a condo 20 down in the sub 200k range and renting it out to gain a passive income stream. I estimate that the condo payments including property tax and HOA fees to be roughly 880 dollars on a 30 year fixed. I believe that I will be able to rent it out for 1250. This means before accounting for things like maintenance and management fees I can net about 4400 on the apartment a year. This is a greater than 10 amount not accounting for value increases on the condo. I imagine that I could get 7 returns in the market. So does it make sense for me to purchase a rental property at this place and continue living inside of my old place? Or should I really be looking to purchase a primary residence first? Not sure how to calculate this out. I know that I do not gain certain tax benefits if it is not my primary residence.Advice is welcome, thanks!  <response>: You might have incorrectly formatted line breaks. To create a line break, either put two spaces at the end of the line or put an extra blank line in-between lines. See Reddits page on commenting for more information.I have attempted to automatically reformat your text with fixed line breaks.--- Ill try to keep this quick and simple: Age: 27 Status: Single Gender: Male Yearly Income: 120000 35000 stock grant 12000 - 15000 bonus roughly 167k Debt 31k Student Loans 4.1 Employer 401k 50 match up to the max. I max 401k yearly for 27k total 18k from me 9k from employer ESPP 10 discount off of up to 15 of base comp - I max this. Credit Score 765 Expenses: Rent utilities 750 I rent a single bedroom in a 4 bedroom house. Im a simple guy. I drive a used car thats worth 8k. I dont need flashy things. I do like to purchase expensive tech gadgets, but thats about it. I also eat out a lot. I am thinking of purchasing a condo 20 down in the sub 200k range and renting it out to gain a passive income stream. I estimate that the condo payments including property tax and HOA fees to be roughly 880 dollars on a 30 year fixed. I believe that I will be able to rent it out for 1250. This means before accounting for things like maintenance and management fees I can net about 4400 on the apartment a year. This is a greater than 10 amount not accounting for value increases on the condo. I imagine that I could get 7 returns in the market. So does it make sense for me to purchase a rental property at this place and continue living inside of my old place? Or should I really be looking to purchase a primary residence first? Not sure how to calculate this out. I know that I do not gain certain tax benefits if it is not my primary residence. Advice is welcome, thanks! ---I am a bot. Contact pentium4borg with any feedback. 