I'm moving along a path to get as much of my business activity onto the iPad as possible. I have been testing the Pages word processing application, and how the documents saved in MS Word format look when I open them in Word. So far, it's been great, with images and text formatting perfectly. I've read that some of the more complex formatting or tables can create issues, but I don't do that type of work as often as straight letters and text documents with images.
First, Pages is simply amazing for inserting and manipulating images, including just dragging it around and having the text wrap around it automatically. So, I looked at the templates in Pages, and right at the bottom was "Flyer." It's a home listing flyer with images and text. Here is my experience with the Pages app, a bluetooth keyboard and the flyer template. By the way, the entire article at the link, including image insertion, was done online with the iPad.