Should I refinance my home to buy a rental property?

[Rebecca Beck]

Hello Everyone, 

I was wondering if it was foolish to refinance my personal home to purchase a rental property?  

I'm seeing that it is a trend but I imagine the risk and/or inevitable lawsuit would make me lose everything.  Just seems like there a lot of economical issues and warnings against taking a loan against my home. 

Want to pick some brains and make sure I am not making stupid long-term financial mistakes. Thanks all for your feedback!