Staring at a property on auction. After rehabbing the property, it wouldn't cash flow as a buy and hold, but would have immediate equity and continued growth because it's in a desirable neighborhood. Would you keep it as a buy and hold for years to come because of the equity or flip and sell it?
I guess to answer that depends on your current situation in real estate. For me, as an REI newbie, I would be fine flipping it, taking the profit, and putting it into a down payment on a cash-flowing BRRRR property. If I already had a substantial portfolio, I would probably keep it to just build long term wealth through appreciation and tax deductions.