DIY vs contracting it out

[Michael Marcoux]

Hi BP,

New rehabber here. Been working on my first project for almost 2 months now. Bought it for 81k, ARV of 210k. I'm learning a lot, and they're unforgettable lessons (i.e. the hard way.) One of the ways my partner and I have been trying to decrease costs is doing as much of the labor ourselves as possible. While it was a nice idea at start, after 2 months I (and he, to a lesser extent) are absolutely burned out from the non-stop work. And then I work my own job after we work 10 hours 6 days a week...

That being said, I'd love to know - how much work do you guys do yourself and how much do you contract out? Is it common/possible to find deals where you can contract 80-90% of the work out and still make a decent profit? 

Sincerely,

One freakin' tired rehabber