Yes, that can certainly be a commercial venture as a construction/rehab company.A landlord on his first purchase could have issues, with intent.

Look into Joint Venture Agreements.

I think we should do a fix and flip and use that money to get those bills paid off and then if its enough money use it to refinance my house and put money down so that our monthly mortgage is lower which would make living a lot more comfortable and pave a good path for me to start my real estate investing venture does anyone have any suggestions on how to start with less risk so my wife can b more comfortable or where to start I've been reading a lot online especially BP !!!

If this is a long term venture then create a LLC.

If it is possible what are the pros and cons.Another method I had thought of is a business venture together.Thanks in advance.

I agree with the repeated anthem that when it comes to real estate in quite a few neighborhoods on the southside, it is a block by block venture.  

In many areas you can pull most building permits as the home owner, however, if they dig into the details that your doing the work to flip and its a business venture, they could potentially require you to have a license to pull the permit.

I just received a letter in the post from someone offering to purchase a 1 acre lot I purchased in Hollywood Hills last year. As I am not interested in selling Im happy they also offered, as an alternative, to ent...

If you are looking in Medford, I'd venture there are at least 10 comps that are almost exactly the same size as your perspective purchase.

Best of luck to your ventures moving forward--cheers!