Fixer upper as first investment property?

[Chris Spespy]

Has anyone with a Full time job ever did a rehab for your first investment property? Good or bad idea? I really don't know much about how a house is built but am willing to learn. I also don't have a lot of time to dedicate to it since I have a FT job. Is rehabbing something that I can delegate easily to contractors if I find ones with good reviews on Angie's list?

I found a house that basically needs to be taken to studs and rebuilt. The house has never been updated since 1980 and has not been taken care of. There's clearly a leak from the chimney so the walls and roof will need to be ripped out, roof replaced, all rooms updated. Location is amazing and I will have to problem finding tenants. I'm very tempted to put in an offer but am not this is the right move considering my lack of experience and time.

Anyone who can relate to me have any advice? Thank you!