Currently I self manage all units as well as the construction projects and I am looking to do this for the next couple years while I slowly turn this task over to my real estate team.

What are your recommendations for a General Contractor in the Wilmington area for a rehab project?  

Check with an independent ERISA tax attorney before you start on this project, and do not simply take the word of the internet or a plan provider that a 75-25 JV deal is OK. 

I work in a tire manufacturer plant and was saving up, working tons of overtime, all to invest.But after projecting forward it was going to take a very long time for me to get enough money saved up to invest in anything outside of lower end stuff (I don't want lower end properties and headaches that comes with it)So I changed my thinking into how can I make more faster.

Get someone new for a full year so that you can move on to your next project.

The place needs work on the roof, electric upgraded, HVAC, etc. 

If i am flipping a house and doing some basic renovations myself (Demo, cabinets, flooring) and using contractors for the bigger projects, do i myself need any type of licensing?

That condo was partially rehabbed by the previous DIY owner and had unfinished projects all over the condo that had to be completely redone.

Since you are renting an apartment for $900, realistically you are paying out of pocket $650 to live under a roof.

Take this into consideration when pricing upcoming Real Estate projects.