To Flip or To Rent?

[Trevor Martin]

Hi all, curious to see what you think I should do with this deal:

Price: $49,000
Renovations Est: $44,000
ARV: ~$145,000
Projected Rent: $1,000/mo

What would you do with this property? Fix and hold or fix and sell? Is there a way to evaluate what would be more beneficial?

As a note: I got started in RE investing three months ago and currently have three single family properties. I am always looking to add more to my portfolio, but I have also had an interest in getting into flipping. I'm leaning towards flipping this home in order to have quite a bit of cash for my next purchase, but don't want to pass up a super cash-flow positive property at the same time.

Thanks,
Trevor