So it's right for him to be wary.Going into flipping home as your first real estate investment might not be the best move, esp if you are both coming from W2 background.

We have one on our home and it has been instrumental in helping with our 1st flip.

For example if a single family home rents for $1700 in your area.

$540 is not unreasonable for a home of that size and the items you mention.

Here are some contacts that might help you build your team in Camden County:Carpentry:Wood World: 267-916-3241Kole Made: 267-332-9663Glenn Pierce: 484-354-5202Plumbing:Ben Franklin In Home: 267-500-8020Roto Rooter: 856-470-1102Greater Works Plumbing: 267-826-6578I hope these recommendations help.

I think the area is short on larger (4-5 Bedroom) homes that can really accomodate a whole family.  

In my first 9 months as a full-time agent, I sold 0 homes!

I have flipped new homes and townhomes but phased out raising a family and now am focused on utilizing my skills which are building, selling, expanding a circle of influence to focus my effort on the above.

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

Yes, you can use part of your Traditional IRA funds for a down payment on a home through the First-Time Homebuyer Exception, which allows you to withdraw up to $10,000 without incurring the 10% early withdrawal penalty.