<prompt> Human: Ok, alittle background for context. Im currently living with my parents until about 2017 when they will be moving to Austin. I have no intention of following them. I have started saving 200 a week which may seem aggressive but I only have a couple of bills at the moment and Im taking steps to settle my debts and repair my credit. Ive identified several 5k sqft lots for 10k and under in a part of town that interests me and is projected to improve in the next decade. At my current rate of saving I predict that I will be able to afford a down payment in about 6 months. Additionally I will need to provide some shelter for myself and of course my stuff. Ive priced out metal buildings and even prefabtiny homes in the range of 20 to 30k which I think is feasible and if I havent saved enough by then I would frankly be elated to live in a retro rv for a year or two. Ive presented this plan to my parentals in hopes they would be willing to help me by co-signing for the loan my credit is currently under 600 sooo.... Im confident I can make this work, Ive lived on my own in the past with succes, I just dont know anything about buying property. I feel like my goals are pretty cut and dry but I need some advice for after Ive taken on the financial burden of land ownership. TLDR; Am I being too ambitious thinking I can buy property on 26k a year?Edit for more context: The property Im looking at is advertised as improved teardown lots, with no restrictions. Im against renting but its not out of the question, just not comfortable with it due to the fact that I have large items that would need to be stored out of site for security purposes. ie my easy to steal truck and tool collection but I could store those separately or possibly with family if absolutely necessary. I help run my familys store so new jobs arent something I can consider currently but Im working towards an Autocad cert. Closing edit bc Im at work and shouldve waited to post this. Im gonna revisit my plan in 6 months. By then I will hopefully have more money and a better understanding of the financial task Ive set out to accomplish. I appreciate most of the advice, it gave me more things to consider but ultimately if I stick to it I think I can pull this off. Maybe not in the exact time frame Ive set but Im willing to make adjustments. I didnt think it would be easy, nothing ever is.  <response>: Rent you silly bastard, rent cheap, rent hard, and spend three years figuring out how you are going to make more money. 