Be honest with yourself that you're betting on price appreciation and hedging against inflation because the neighborhoods with a large share of 30-somethings renting or owning in it that are fairly safe are going to be about break-even with rent prices at best.

If that's the case, I would highly recommend you trend very carefully and focus more so on whether what they teach adheres to Dodd-Frank and SAFE, aka major federal laws on residential financing transactions.

We are in actuality responsible for our tenants lives, (keeping our homes safe for them to live in) and the neighborhood, safe and still marketable.  

That being said, properties need to be safe.

Would have a valid agrument that the property is not safe and habitable.

I feel like this property would offer a relatively safe environment to gain those experiences. 

Talk to a local real estate attorney about starting an eviction for anyone currently living there.Be safe, take at least one intimidating friend if you decide to knock on the door.

The whole transaction starting with a JV between the plan and yourself is far from clean or safe.  

I would say at the beginning play it safe-walk before you run etc.

They are the only way to make safe money in real estate when your investment capital is limited.