Fix and Flips : How much do I put in and how much do I earn

[Alethea Sealy]

Hi. I am new to the idea of fix and flips. My market is Detroit (yes I know it is tough). I would like to do some fix and flips having dealt with buy/hold properties for the last two years. My question is how much do I have to put in and how much can I earn. I cannot do the model where I work with the other investor onsite. I would only be putting in my money for the deal. 

Can anyone share their experience or suggestions?