Quote from @Travis Timmons: It's really tough and risky if you are just starting out.

You don't know what material costs were, what labor costs were, or John's scope to flip the property. 

Tough environment to focus on studies. 

Looking into other markets now, I can find returns in the 400-500/month using a similar fee model which leads to me to believe that while you can still find deals in Palm Bay, it is very tough to do so.   

Could be really tough.

Wholesaling is tough with a license in any state because the spread you earn has to go through your brokerage, but having a license when doing off-market appointments adds to your toolbox (you can always list when they want market price).

(Live there for a bit then rent it out)It's a tough decision nowadays with a 3% mortgage which is pretty much an asset in itself. 

Leather is a living material and it will dry out and crack if not maintained.Microfiber is a good choice like @John Underwood said.

We used to live in Reading and the city itself would probably be tough to rent as it may be hard to find good tenants.

The cost of the furniture is tough up front-- you can rent furniture or go through FB marketplace.