<prompt> Human: Im 24 years old and will be graduating with my masters degree in December. I will be making 30k-35k beginning in January. My fiance is in law school and will be graduating in May, taking the bar next July, and hopefully making a decent salary at a law firm November 2017. Lets say 60k. Until then she makes an hourly wage of 15.We are eager to move into a new house together and her father has offered to pay our downpayment. We have been looking at houses between 100k and 150k assuming our mortgage will be affordable between 500 and 1000 per month. I have student loan and car loan debt of about 60k. My fiance has no debt.My fiance an I have 15,000 in savings and about 8000 in a Coverdell ESA.Here is the kicker. She just asked me what I think about having her father buy our house for us outright he can afford it. She wants to pay a monthly fee to him like rent or mortgage.While I think he would probably agree to this, Im worried about issues that I could run into with him being the homeowner instead of us.Thoughts or advice would be greatly appreciated!  <response>: Personally, no. If he wants to hold the mortgage thats one thing - it would be documented, but you wouldnt get any tax breaks on the interest. If he buys it and you just pay rent, then there is no difference than renting some other place, but you now have family as a landlord. Id go with the gift of down-payment and you pay a mortgage to a regular bank if I was in your shoes which I was - other than the renting part 