People who are particular about what they put in their bodies should note, you almost never know the details of what is in the flavors. Vaping pure VG+nicotine or VG+PG+nicotine is extremely safe if the nicotine is at normal doses. Flavors are probably mostly safe, but you don't know for sure. Nicotine itself is highly toxic (contact, even on skin, with 0.5mg per pound of body weight is lethal). Also inhaling heated glycerin vapor is not good for you, it doesn't cause anything remotely resembling what cigarettes do and thus far is not thought to cause any long term illness. PG is used in asthma inhalers, although not heated, so that should give you some idea of how inert these compounds are in your lungs.
The most dangerous aspect of vaping IMO is the content of the metals used to make the heating coils. Currently I'm not aware of any sort of assurance that manufacturers can give as to where they source coil wire, and if you make your own coils you should do it with wire that you know is inert when heated, which isn't as easy as it sounds. Two materials used for coils, Nickel Chromium alloy and Titanium, are known to release toxic oxides when heated too much, but these aren't very popular, and 2 other alloys that are common, Kanthal A1 and stainless steel are inert when heated so long as they're made of what they're supposed to be made of and have no impurities.