Why not? Buy it with big down as now required in this market! And rent it out. Get close to positive cah flow - I hope. If not tell your friends "I like the property none the less! Yeah Right!
Then get tenants that roll in cash operating a crack shack. But they dont pay rent and you file a UD . Attorney charges you a fortune and after 6 months they smoke up the place and trash it. So you sock whats left into the home and then lose your job. Can't borrow against it so you can always think about dumping the shack a year or two later !
Conserve cash ! Wake the Hall up! Take me ...take me now!