Newbie here need some advice

[Jackie Escamilla]

Any and all of your advice is greatly appreciated.  I currently own a SF home.  My intent is to purchase fix and hold at least 2 multifamily units. I am from Chicago. I found one property for $52,500. Advice will hold or fix and flip? 

My questions are as follows: 

1. Should I take out a loan for a property like this?  If so, should I go with my current lender or do I choose a different lender? 

2. How would I pay the contractor to fix the property? 

I just want to start swimming before getting lessons. 

Thank you in advance..