Is it OK to own a Pitbull?

I've been considering adding a Pitbull to my family, but I'm not sure if it's the right decision. Could you please elaborate on the potential pros and cons of owning a Pitbull? I've heard they can be loyal and protective, but also that they require a lot of training and socialization. As a pet owner, I want to ensure I'm providing the best environment for my pet. What kind of lifestyle is most suitable for a Pitbull? Are there any specific health concerns I should be aware of? Your insight into this breed would be greatly appreciated.