SDN Members don't see this ad. (About Ads) I have to make a decision soon. I can rent a condo near my school for 1,200 per month plus utilities. I also have the option of purchasing the condo, and the mortgage payment would only be 750 dollars per month. I have enough saved up to cover the down payment if I decide to purchase. The condo is in very god shape, and I would of course get an inspection before purchasing. It is also in a pretty nice area to rent out int he event that I match into a far-away residency down the road. I just have a few questions if anyone is knowledgeable. 1) Is this legal? 2) Is anything about this glaringly stupid that I am not considering yet? 3) Does this make sense? I figure I would be taking the loan out to pay rent, and with interest rates on 30 yr fixeds so low, I might as well use the rent money as an investment and get something tangible out of the money I spend. Also, it would be cheaper. 4) Any last thoughts or comments? Thanks a lot for your time.