So a cute 990 sqft condo in a good area goes for around $60k so calculating mortgage, taxes, pmi, insurance, and utilities I'd be looking at a payment of $1000 per month with a down payment of 5%. A similar apartment in the area goes for around $800 rent per month plus utilities so around $1000-$1100 per month also and plus all those deposits (security, and pet for me). However I'm applying to medical school to start August 2014. I'm hoping to stay in the area (3 schools near me) but may be required to move out of state. If I bought the condo I could rent it out for about $800 per month. Should I just wait to see if I end up in the area? Thanks
