<prompt> Human: Hello PF,As you guys probably seen this countless times before, but Im very finance illiterate. My parents are the same way. They are both terrible with money. I need advice from this forum on how to best go about this situation. Ive been debating on whether I should buy a house for my parents to live in. My parents are getting to an age where they need more stability and a better living situation. I thought about buying a house in tampa for them to live in. A house in tampa would be ideal as my sister would be close by to check in on them if they needed anything. I am in the military and most likely be going to overseas in the near future. My current financial situation looks like this: Bank:2900 savings account4891 checking account 8931 TSPIncome1162 every two weeks after taxes and TSP taken out300 per month going to TSP automatic depositBills250 car payment 250 student loans181 car insurance100-200 for foodNo rent as I live in the barracksDebt10591 car note12461 student loansIf i buy a house my parents are going split the mortgage with me down the middle. The utilities they and my sister will handle. If youre wondering why cant they buy the house if they have moneyincome. Like i said they are terrible with money, so their credit is in the gutter. They already have been rejected trying to get a loan. They would need my help securing a loan.The house will be under my name. Im looking at a price range of 200000 to 240000. What I want to know is could I afford a house in this range? With and without my parents help. Lastly, I dont even know what questions I should be asking and the answers I should be looking for. If you could provide insight into this situation, I would greatly appreciate it.  <response>: You would have to qualify for the loan on just your income if you are the only one on the loan; they wouldnt count your parents hypothecated future payments.Your income isnt that high and you have a lot of debt service, so its not looking good at this point. 