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Updated about 7 years ago,
buy rental without risking primary residence?
I am new and looking for some advice.
I currently co own my primary residence with my wife and would never want to risk it.
Is it possible for me to invest in longterm rental without putting my primary residence at risk?
I'm looking at a 100k property renting for 1k/month. What if the market crashes/rental market crashes/ hurricane/flood?
Can I isolate that loss to just me if I had to short sale or forclose without risking my current property i co-own with my wife?