In some situations, it may make sense to hire a pro to get the job done quickly and correctly, then you can rent it out earlier and offset the additional cost, or at least part of it.My first house took me six months to renovate.

In addition to our own holdings we manage many SFR’s and Multi’s for investor/owners.

You want a seasoned agent working on the preventive maintenance part of the deal and a good bank to walk you through the process.   

In addition to what others are saying here, I'd just advise that you don't leave your property with the PM and never look back.

in addition, some prohibit rentals or have rental quotas, most of which are already reached and effectively are prohibitions. 

I appreciate any additional input Chris! 

****Just to clarify, I'm talking 2 or 3 years down the road after I have successfully completed 5 or 6 flips and have the additional income and experience to show for it.

FSU, NCDOT & CCS are investing an additional $130 Million into the areas around Murchison as well. 

In addition to many insurance providers pulling out of the state of Florida, we heard of big insurance issues in coastal cities in South Carolina, Georgia, etc.

If I put 20-25k into this house and sell it for 525 I would walk with around 170k pre tax.