Buying a Condo for my MomMy husband and I are currently renting in the city and although we love our beautiful loft apartment, the rent is very high so saving a large sum for a house down payment is hard. I have the idea to purchase a small and relatively inexpensive condo in the suburb that I grew up in. We can easily afford this and although it will be a sacrifice on space, in a year we will save enough to make it worth the effort. Another angle to this plan is that when we're ready to buy our house, I want to "rent" the condo out to my mom. She has had some financial issues in the past and has been renting for the last 18+ years so this would be a perfect way to get her into "her own" place and just have her cover the mortgage. Can anyone let me know their thoughts on this situation? What kind of mortgage would be best? Will this be too tricky when we go to buy our house? Any feedback will be much appreciated! January 06 2014 - Pittsburgh00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.