I’ve found conflicting information on municipal websites.

The sooner you invest, the more time you have to benefit from compounding returns and property appreciation.Key Lesson #2: Leverage Financing Wisely Using my VA loan was one of the best financial decisions I made, but I didn’t fully understand the power of leveraging financing at first.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

Much older than most of the other listings I'm into but the rough numbers indicate it would be pretty profitable (+$2,000/mo).

Live in one and STR the other.

I've been buying and selling businesses for the past couple of years and new to real estate.

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? 

Most investors follow the 70% rule of thumb (ARV x 70% - Rehab cost = offer price). 

I'd rather not spend the $$ for the granite or quartz kitchen countertops. 

They can be a bit on the pricey side and they can be selective on the development/construction side, but overall, they're solid.