This sounds like it has an incredible tail-risk. A sound plan if everything goes to plan but if anything serious happens you might loose big time. Everything is

This sounds like it has an incredible tail-risk. A sound plan if everything goes to plan but if anything serious happens you might loose big time. Everything is essentially placed on one card. I am not sure how much you can reduce it with insurance (e.g. against renters unable to pay, renters damaging your home, damage from natural disasters or just random repair costs due to unforeseen failure of some equipment etc.) without making the whole calculation turn upside down. I wouldn't finance everything using debt with this reasoning. Also, is it that easy to rent if you move away? It's different if you live in it, but casually buying a house and renting it sounds like a huge risk.