<prompt> Human: Like the title says, Im a 22 year old female who just lost my only parent. She did not have much of a savings, no retirement, no life insurance. She had a paid-off house, which I will inherit fully. I do not have any siblings.Inherited house: Fully paid off, but there may be a lien put on the house by MassHealth, which is state-subsidized health insurance not sure how much -- am working things out with a lawyer now. In such a case, that will be a house expense I will have to account for on top of property tax probably around 4,000-5,000.Student loans: My student loans are currently at 57,500 at 5.29 average interest. I expect them to rise to no more than 85,000 when I graduate. Interest is already accruing on the entire amount at this moment.Car payment: 430mo. I still have my moms leased Toyota RAV4 in my possession, but my name is not on the lease. I plan on canceling this lease soon but the dealership is asking for 3,500 to terminate it early. I forget how much my car insurance costs.I graduate in May 2019 and will have an expected salary of around 120-130k. I plan on renting out the house by February or March and hope to get at least 3,000mo for it, furnished Im staying at a relatives house for free until I graduate, and then I will move back into my home. I have 12,000 in the bank now. Im new to finances and am open to hearing any advice on financial decisions to make or things to consider for the short, medium, or long term. How can I best use my 12,000 now -- keep as emergency fund or use some to pay off student loans? Any other advice? Thank you.  <response>: Firstly, sorry about your mom passing away, lass. 1 Regarding the lease of the RAV4, Im sorry to say that in most leases, death of the leasee DOES NOT cancel the contract. Youre not on the hook for the remaining payments, your mothers estate is. So they can place a lien on the house. Toyota is also a shit company when it comes to their financial services arm. Just google and youll see a ton of horror stories. Is there anyway you can use the car or transfer the lease to a family member or friend?2 Lease the house out ASAP. Like others have suggested, if youre a full time student, find a management company that has a solid track record and pay the 10 fee and just collect the cash. You only need them for 1-2 years, just for the lack of headaches for you, its worth it. Being a landlord is like being a parent, not worth it for you.3 Id suggest you keep 6 months of EF on hand. Assuming MassHealth requires 5,000, youll be down to 7,000 cash on hand and the remaining amount will be helpful in covering any fees or car payments and insurance and so on. 