If that house is still available I would get it under contract as soon as possible as a primary residence and then figure out the details in the coming weeks/months.

I am a family practice doctor that just barely finished residency training.

My wife's parents just completed a three unit in a transitional neighborhood and are getting higher rents and younger tenants.

Our board’s mandate a new census card (sheet with current info of residents (tenant or owner)) be submitted each year and whenever there is a change.

Now as much as my parents would love for me to sock away 20-25% in that account thats just not me. 

I currently reside in Gloucester City and If you are not familiar with this part of New Jersey, it is directly over the bridge from Philadelphia.

I'm sure there are other ways to do it but it seems as though it's a normal thing for parents on the west coast.

Marvin.I think that selling your house and moving to a house where you can afford the payments is a smart move.That will allow you to save you cash which then you can invest that cash into assets that will produce cash flow for you.Your personal residence is not an asset.

Resident since 1987.

@Oliver Sparks USDA offers zero down payment loans if it will be your primary residence.