Here's my situation. I have about 3 more years of College left in Central California, and I've been working various internships for 1 year (taken a break from school). I've saved up about $25,000-$30,000 in the mean time. I pay about $600-$700 for rent in my area, and figure that the money goes to waste. That's $7200-$8400/year that gives me nothing of worth. I've been looking at homes in the area to purchase. There are enough students that renting out bedrooms is absolutely no problem. I know of a few 5 bedroom houses that will be on the market for $500,000 in the Summer. I also have a family friend who is very wealthy, and an aspiring businessman. I know that I don't have enough money for a downpayment on a home, but I believe he will loan me the money under certain conditions where I pay him back a certain percentage for every year. The plan is to purchase a 5 bedroom house, after taking roughly a $75,000 loan from my friend. That puts me at a $400,000 mortgate, which equates to $2400/month in mortgage payments. I can rent out the house for a total of $3250/month, including my personal payment. After 3 years, I could resell the house, hopefully (and probably) for even more than I purchased it, and I would have brought my mortgage down about to about $320,000. If I sell the house when I graduate, than I get my original investment, my roomates investments, and the laon backer's money back. Profit?