@Adeeb Shaheerhi, yes you can flip a house, however I would recommend treading carefully right now.  

Having a bunch of debt is risky so tread carefully.

Not to be political, but the politicians are going to be forced to tread back to that direction if they want to keep their roles and they want to keep their roles.

I made money via appreciation (and ultimately did well), but the rental income was, at best, treading water.If you’re up for the management challenge, buy right, and have a longer term horizon, I think you can do OK but it may be worthwhile to wait for the market to cool down a bit.

First of all he is your brother, so tread carefully.

People just highlight one, usually :)   Agreed,I will tread lightly and I have real affordable houses about 30 minutes from me.Plan is to start with some flips then take profits into rentals slowly.

I would tread lightly.

I would strongly recommend having a real estate-focused accountant look at your situation and prepare your taxes for you, as you are now treading into complicated waters where you can get yourself into trouble if your not careful!  

I'd like to finish it with insulation, electrical, dry wall, treaded stairs, etc. 

Most here would say I'm not smart, so tread carefully....