<prompt> Human: So I am looking to buy a house for a couple of reasons. 1. I am tired of wasting money on rent. After this August, I will have spent over 25k on rent alone in my four years here, and renting homes does not build equity as I will just be throwing that money away. 2. I will still be here for another 2 years. I would live in the house until I finish school, and until my girlfriend finishes her masters in 2 years from now.3. I think it would be a good investment. If I purchase a property, I could rent it out to friends while I live there. And even if I decide to move elsewhere, I could still rent it out and make a little return. Also, the cost of property here is constantly rising due to the high influx of people in the last couple years. background: senior in college, I make about 20-25k per year working in the restaurant business, I only have about 600 in debt but I keep my credit cards well-managed. I am looking for a house 150k. I spoke with the realtor and he has sent me much information about taking out loans from different banks in the area. So, would it be in my best interest to buy the home in full from the get-go? Or should I purchase the home in partial equitydebt? This is my first time buying a home and I dont want to make a poor decision when it comes to this amount of money. Thanks!Edit: looking for LESS than 150k  <response>: I did this a couple years ago; its been swell. Dont listen to the naysayers who immediately dismiss your idea.Other concerns aside, I have some advice on loan vs. cash purchase:Take out a mortgage. Rates are low, remain diversified, and retain access to your liquid assets.Because your income is small, the lender may require a larger than usual down payment. Shop around for the best ratedownpayment combo. You may be also to claim some amount of anticipated rent toward loan qualification. 