I've also been thinking about partnering up, but am unsure how to go about it safely or if it is even a good choice.

This is the hands-off investment solution that you may be seeking.

What level of income will make you feel safe and secure?

During some research I have came across Dodd-Frank and SAFE act regulations with seller financing.

That's still several blocks away from Irvington and "just okay" at best.I would still stick to SFH closer to the I-465 loop and beyond to be safe for your first few.For example, I have one in Eagledale for $37k rented @ $750.

@Markus March so you think all in you will have $22k into it, what is it worth before and after repairs, what are rents in the area, how are you paying, who is going to manage, how long will it take, what is the neighborhood like - safe day and night, are you buying to flip, live, rent? 

Originally posted by @Myles Wisdom:I was reading a short article today that said something that I found interesting: "an investor's greatest enemy is not really the markets or lack of resources, but really the investor himself".So the obvious solution is to eliminate one's self.

We live in a 2 bed apartment for a family of 4 and the cheaper places I've seen are in areas and places that I would not feel safe with my kids in.

Also, be sure to read up on the SAFE act and Dodd Frank rules in your state. 

Have a safe 4th of July !