<prompt> Human: My parents are moving to Mexico and selling there house in Austin, TX and have told me they would prefer to sell it to me and would make a better than market rate on it. Im wondering if I can afford it?Im 27 and single male. Live and work in Austin, TX. I make 3,333.33month base salary plus commissions on sales.I have 20K in my 401K and 1,000 in savings.I owe 50K in student loans 9,945 at 6.8 and 40,063 at 5.88I owe 9,280 on my auto loan at 3.74I was thinking of getting a 30-year fixed FHA loan. The house is built in 2006, 4 beds, 2 baths, 1800 sq. ft., estimated at 165K but they would likely sell it to me for 150K and pay for closing and gift me the 3.5 down-payment.I would rent out a room for 600monthIs this deal possible? Should I do it?They want to give me preference, it is close to my work, and they have a lot of furniture they would leave rather than sell them to strangers.Thoughts?  <response>: With your financials, no. You are not ready. 