I'm in the process of starting FDC, and the pro's are working from home, and being able to make your own hours and be with your children.

The cons are:
- your home is your work
- you can't just chuck a sickie or mental health day, because people depend on you, and without you who would look after their kids?
- you have to work longer hours than you would at an away from home job to earn similar money, and technically you dont' earn much because it can cost so much to start and run
- the red tape and paperwork
- you can't go have a break if you need it, because theres no one to cover you
- set up can be tricky, your home has to follow fairly strict safety checks, you get random visits once a month and you have to be compliant
- holidays have to be planned pretty far in advance and you have to make sure you put some money aside for possible sick days, your holidays, and also your tax and super

PM me if you want more info. I haven't started yet, but am going through the startup stuff, just waiting on the perfect house and will hopefully be up and running by April
My mum was a Kath dikson home daycare mum for some time when I was in High School & she ended up giving it away due to the red tape & regulations. There were things constantly changing & new regulations, they ended up having to change things with the house constantly to comply, so in that respect if you don't have the start up money to outlay in getting set up, it's probably not really feasible for you hun.

Like Mummato1 suggested - is there anything that you are really into & could turn into a bit of a money maker for you? Im a horsey girl so have come up with a few items I will make & sell from home & online, its not going to be a huge money maker, but its easy & I make a good profit if I get my bum into gear with it.