Flipping my first SFH?

[Taylor Stubbs]

What makes the most sense, using a contractor to execute the rehab or go with the more hands on approach? I understand that it depends on how much physical labor I am willing to put in but what I would like to know is what are the benefits from each method. I have found a property which I am in the process of financing. It's a foreclosure 1900sqft 3 bed 2 bath on 1.01acres priced @55k needs kitchen update. Has hard wood floors that need to be refinished. Needs counter tops and a lot of exterior paint and landscaping. I think I have pretty much answered my question but I would like to know what has worked for others. Thank you