Hi Michael, congrats on the deal. I think the first step in deciding whether or not to do all the work yourself is to ask yourself if you have all the skills needed to do the full remodeling. Putting in your own sweat and effort into your property is a great way to increase profit, but can also take a while and extend the amount of time until you see a return on your investment. Since you said your intention is to flip rather than hold it as a rental property, you do have less of a time restraint because with rentals, time spent renovating is time that you're also not getting rent checks. Analyze what your strengths are and what you'd be able to do well and efficiently and also figure out what aspects of the renovation you won't be able to do. If it's your first time doing one of these projects, you may want to hire professionals for certain aspects of the job that could have you fail an inspection, hypothetically. I'm relatively handy so I took it upon myself to do the majority of the renovations at a multi-family I'm working on. However, I know that I'm not good at cutting or laying tile so I hired others to do that part for me. I have some friends that can't put a hammer to a nail and know that going into their deals so they account for increased construction costs, and I have other friends that could practically do a full gut renovation single handedly. I fall somewhere in between where I can do some aspects of the job and not others. In my opinion, when it comes to deciding how much of the work you want to do yourself, it comes down to knowing yourself and being realistic with what you can and cant do and weighing where your time is most valuably spent. I hope that helps a bit, and good luck with your project!
