<prompt> Human: I want to buy another house primary residence where I live. Im a little nervous... Bring home about 3,600 Roughly 1,200 in bills. student loans, car, etc. Not including day to day living expenses. I already have a house in another state that is currently rented out Said house has 850 mortgage, I take in 1000 from renters with 2yr lease. I have about 15k saved up for a new house. Looking at 100k or less houses so payments are about 600 max, ref: online mortgage calc I plan on renting out a room in the new house for 400, shouldnt be difficult. With a renter my out of pocket would be about 400-500 I do have another 3k in checking for emergency funds. From what I can calculate based on my living expenses... If shit hit the fan and I had both houses without any renters, I will not be able to cover all the bills 400 shortfall. Is that an acceptable risk? That is a possible scenario, but I dont think it is a likely scenario. As long as I have one of the two renters, I could get by. I might have to live very very frugal for a bit, but I could make it work. I could always sell a vehicle if need be I have two, one paid off so I wouldnt drown myself. My career is very secure and I average at least a 5 raise every year.So am I taking to big of risk or is this acceptable?  <response>: Thats too risky for my blood with only a 3k emergency fund. My last landlord managed to spend more than that in 3 days when the furnace went out and a tree fell over at the same time. 