Self-management is a good thing, as long as you have the skill set and knowledge to do it properly.

Its all about knowledge. 

Real estate requires a certain set of knowledge, skills, and abilities.

My question is to people who has flipped houses or know how it works, assuiming I get a house that needs some work in order to make money and resell i have to renovate it nicely but I dont have any skills nor knowledge how to do remodel and I would have to get contractors to do it for me and they are not cheap at that point i would get contractors to do everything and will i make any profit after selling the hosue? 

I also found that sharing knowledge and collaborating with others can lead to new investment opportunities and valuable insights. 

However, I am worried about the outdated electrical and water systems for safety concerns.

It states that it is not intended to instruct but rather to dictate the rules to a knowledgeable person. 

It'd make little sense for me to share my metrics given that they vary, don't constitute a statistically representative sample and also my knowledge and relationships allow me to get deals that you might not be able to get/find.Hope this is helpful.

I live in Miami, I took advice from some of you knowledgeable gurus and decided not to invest out of state but instead to invest in more affordable cities in Florida.

I agree with Scott assuming it’s a traditional purchase where the goal is long term ownership and the knowledge base isn’t creative financing.