Any house flippers here?

I've been sitting on a large pile of money, by my standards, and have been looking at getting into real estate. Few places I have my eye on and the idea is really to own and rent them out rather than fix up and sell. However, I've got my eye on one property that seems to need some work but would be lower risk to get into due to its lower cost.

What do you look for in houses you plan to fix up? Do you contract out all of the work or do it yourself? What kind of work do you recommend contracting out vs handling yourself bearing in mind that the university of google is going to play a big part in anything I do myself.