What is a "luxury" for us is I am in real estate and my wife is in finance - so we both have experience and knowledge in each side of things, so it gives us some confidence when we reallocate that atleast one of us "knows what they are doing" - if that makes sense. 

if something is just sitting on the MLS looking too good to be true... then it's too good to be true.these properties are going to have higher costs overall, be in more challenging neighborhoods, have very gnarly deferred maintenance and capex, potentially have liens, be high turnover, and require expert, highly knowledgeable, localized support to be successful. see for example this thread.https://www.biggerpockets.com/forums/48/topics/1137397-balti...and even at those price points, i think cash flow is fairly low to non-existent if rehabbed to a high grade, especially with DSCR debt. 

I'm currently soaking up all of the knowledge I can and I'd love to make connections! 

Its all about knowledge. 

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

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. 

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

For me the reason for going turnkey was to limit my lack of experience and knowledge of the areas I am investing in and I looked at the premium I was paying as worth it to acquire the things I lacked.