First flip- do you guys do the work yourselves ?

[Andrew DeB]

I'm on the verge of buying a condo at 170k that will have a after Reno sale price between 240k-260k. It's a condo so there is no structural/electrical work. Lots of fixtures, carpet, laminate floor, tiling. I'm only 24 and don't have a lot of experience doing work like this but have family members and friends that can mentor me. I estimated the materials and new appliances to cost 16k. If I hire the labour it will bring my costs to 30k. Do you pros ever do the work yourselves?

After the rehab I'm not sure if I want to sell, (50-66k investment returned, gain profit of 40-70k) or rent out for $450/month cash flow, or refinance the loan, gain 50k cash back and keep it as rental for $150 cash flow. Thx for any advice!