Generally, people doing a live-in flip will try to do the majority of the work themselves and only contract out things they can't do.

Everything I was being told sounded too good to be true and makes me wonder why most people aren't doing this.

I have posed this question to them “Are you people going broke ?”

We’ve been searching for a couple of months now, but we are facing challenges.It seems that everything on the market is being snapped up within less than a week by more experienced investors who can offer better terms.

I also enjoy designing people's homes mainly friends and family and I love renovation projects! 

Above $150k is also tough because there are only so many areas that will command price points $200k+ and only so much demand from end buyers.That said, I know people that do it and do well with it.

I not only joined this site for the knowledge, but in hopes to find a community of like minded people that are interested in helping others to grow.

People expect more. 

I recommend working with an experienced broker who can shop multiple investors for you.

The other issue is the time and energy it takes to sort this out if you end up being reassessed (some people never have it happen.)