<prompt> Human: Im a 30 year old guy looking to buy a home in my city Minneapolis in the price range of about 250k. I have 520k in liquid assets atm, I get the majority of my income from a Trust that I am apart of and its rather consistent with quarterly payments.Problem is Ive heard its best to get a mortgage, but my only real income besides the trust is money I make as a server which amounts to jack squat.Is it a horrible investment to take half of my current liquid assets, and buy a property outright, while investing the other half in other ways? Or should I be determined to get a mortgage?I already pay around 1,400 a month in rent, and prices keep rising in my area.My ultimate plan was to buy a home in the city for cash, live while I return to school never went, but now have the money to do so.Buying in cash feels like a decent option, because after I own it the taxes and monthly costs are easily covered by even my servers salary in case the trust payments ever stop.What should I do here?edit: post because people recommended me to post to rpersonalfinanceMy Trust has a chance of severely diminishing returns as it gets older.It wasnt a fund set up for anyone, it was stroke of luck really. It was a Family trust for some land made over a hundred years ago. The land stayed in the family and every time someone died the property would get divided among the kids.No one sold the property because it was virtually worthless so at one point 20 or so years ago we leased it to be used for natural minerals and gas.Well this landed ended up being in the Bakken Region in North Dakota...where there was the oil boom recently and my dad literally a year before he died, started getting sizable checks because he had a 3rd or 4th of a share.Well he died and unknown to us my siblings we were entitled to his share, so we each got a 13 of what he gets from oil and gas resources until they run out.Well no one knows when that will be. Sometimes the checks are for 2,000 dollars, sometimes for 100k only happened twice.It could all dry up someday, either next year or in 15 years, I have no idea. Thats why planning is a bit more important for me.Ive only gotten payments the last 3 years or so, and they could be the best ones I ever get.  <response>: Buy a small multiplex, live in one apartment and rent the others out. That way what you make at your job, plus monthly rent income as a revenue stream. 