We’ve researched using a HML, but aren’t sure which would be smarter and have less impact on us financially as a newly-married couple, since personally, I wouldn’t be taking any risk or contributing to the purchase.

I personally would not do it and do not recommend buying points to any of my clients.

Morgan,When you are getting the Homeowners quotes, have them also quote a Personal Umbrella policy to give added Liability coverage since you will have a renter in the house.  

You will likely have personal guarantees, but those are contingent liabilities to you and not show when you are applying for personal credit.

., anonymity of ownership, avoid doc stamps with encumbered real estate, avoid personal judgment liens from attaching to the real estate, buying at auction, keeping transfers private. 

I know most of us have heard horror stories and/or have personal experience about criminals and unsavory characters taking over vacant properties then claiming squatters rights to avert the authorities. 

In order for all that to happen on an ongoing pace then you will need more than 1 person unless that 1 person is a zillionaire and can just never stop. 

By the end of my fourth year, I had surpassed even my own expectations, closing over 220 transactions and ranking among the top professionals in my field.But my journey was never just about personal accolades or financial gain.

My parents recently questioned why I don't buy a house because they think that's what every smart person with money does.

I personally would stay out of this entirely, I'm the landlord and nothing more.