The short answer is no,don't do it.You don't seem to be in the right mindset to become a member of my profession which is exactly what it is,a profession and not a hobby to pick up or put away at will.My profession requires lots of time devoted to learning both in and out of the classroom for at least 6 months to earn a license and the follow up sales training at the brokerage.It is not cheap either to get started with all the fees involved.From what you are describing about your personal life,family demands,and interests desired to pursue,I would concentrate on learning about investing in your spare time.Learn how to evaluate property for potential profits after repairs are done.Join an investment club and surround yourself with successful people who have already been through the process.Learn about hard money,gap funding,and what it takes to get the money you need when you need it.

When I mentioned the problems to one of my tenants, he mentioned that his dad who's a RE investor avoids properties over 25 years for this reason.Now it was nothing major, just that I would get a complaint about this, when I got it fixed, get a complaint about the next one.

If I were a resident I would like the somewhat isolated location of the town but it seems far from many major employers, that is unless your tenant works at one of the many warehouses nearby. 

I will reinvest my profits so that I can get my income and wealth to that level and beyond.

Which Philadelphia neighborhoods should I be looking in to make a profit and also not have to wait long to sell.

@Justin Seng The majority of deals I've worked out for my clients have been non-REO.

I am a recent University grad with a degree in Finance, Real Estate, and Law (1 Major).

These are the 25 people that will have first dibs on the deals we get in the pipeline.I love the concept and believe that it will be a well oiled machine after this first major deal..

But there is a sizeable equity in the deal - $40K profit.

, do not forget you will be prolonging the sale for the 2-3 months it takes to build it and you will have mortgage payments and taxes to figure in holding costs for those months, which take away from that profit. best to get all your numbers and find out if the expenses are worth the return.