Dad is 60, in debt, and barely any retirement. Is letting him live in my condo a decent way to get him there?

Dad is 60, in debt, and barely any retirement. Is letting him live in my condo a decent way to get him there? I'm 24, closing on a condo soon, it's about 6 minutes from my current job, plan was to live there pay it off in 3 years. Have an offer for an out-of-state position in a very niche field that I'm planning on taking . Dad is currently 60, has drained his 401k multiple times, current balance is around 40k. His current income hovers around 120k, but...

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