Can you buy, renovate and then sell houses for a living?

[Bridgette01]

Hi all, a friend of mine is keen to change his profession. As the title says, he wants to buy, oversee any renovations and sell houses for a profit. Can anyone give me some insite to what is involved in making this happen. Are there any members how do this for a living? My friend is thinking about possibly doing the easy reno work himself and organising the trades people for everything else. I guess you could call it project managing. He is looking at properties in Melbourne.

Many thanks.