I am thinking of starting a website something like this. http://icanhascheezburger.com/ But also i might have pics of celebs or any kind of random pics and they would have my comments besides the pic in them like this site. http://perezhilton.com/ My main source of pics would be from Flickr, photobucket kind of sites. So will that cause me any copyright issues? How do i choose the pics that i am going to put in my website. If anyone having such kind of websites please suggest me of what would be the average income of the site if it is promoted well?
The average income will be very small. Only a handful of the thousands of these types of sites make money. So on average, you'll be lucky to make your hosting money back. Yes, using images from Flickr and photobucket can lead to copyright issues.