Crescent, near where the overpass went to East Palo Alto, the most dangerous area in Palo Alto.

Semmes St, Memphis, TN 38111Seems like it could be a dangerous... typical vacancy rates?

I feel my knowledge of the real estate market around here is above average, and I know enough to be dangerous.

(though it will surely change overtime)  Once you have done that, I would suggest that you geek-out on learning your market.Although history shows that RE will appreciate over time, speculating and counting on appreciation can be a dangerous strategy.

I don't think it would be dangerous but not sure if it would be smart for a rental.

So they are in danger of losing the property because they are getting the rent to make the mortgage?

I've heard many warnings about dangers of partnering with friends so we're both just tentatively "sharing ideas" before putting pen to paper. 

So now you don't have to worry about taking money from your paycheck to pay the bills, as that can be dangerous and get you into trouble.  

The reason why I ask is with the current low interests you can find  10% cash on cash returns, but the purchase prices on the investment are at or approaching the previous bubble peak price. ( 2005-2008) Is this dangerous? 

That's a dangerous place to be with family.