If she is a (financially) low-risk personality, she might feel uncomfortable with the thought that your deals might affect your joint financial future (and the lifestyle to which she is accustomed) because of the risk.Here's an idea: you mentioned that a wedding might be 2 years or so away.

If it's a liability, then if it were me, I'd look at selling it, and using that cash instead - but I don't know your situation.There are plenty of other ways to get cash to buy a homepath property the first few that come to mind are FHA 203k (for owner occupants if you'll move), Hard Money, Private Money or bringing on a JV partner (joint venture) to help fund the deal.

I put all tenants on the same lease (about 14 pages long) and they are "joint and severely liable" meaning that if one flakes the rest are responsible.If the students don't make 3x the monthly rent in income together (they might, many of mine are able to) then ask for a personal guarantor- I use one parent willing to be on the hook if the kids don't pay or damage the place.  

You will most likely need to leverage it via a loan or for a Joint Venture with someone who ideally can contribute $$ and experience (just be ready to answer what you can bring to the table in return).

As I am sure you know, if she can be classified as a real estate professional, all real estate losses can be used to off-set your combined ordinary income assuming you file jointly.

Sorry for the dis-jointed multiple posts, I'm also doing other things...There are bunches of 4-plexes for sale in the San Fernando valley for $1,000,000. 

I actually have bought a note (and have learned a lot from that) and have joint venture investments with other note investors. 

Louis that is doing a lot of training and joint ventures to help get people started in the business.

You also have no idea how the plaintiff’s own actions may have contributed to the injury.States differ on “joint and several liability.”

She was having chest pain, severe headaches, nosebleeds couldn't lift her arms, joint pain, breathing problems, and all kinds of allergy problems.