Flip Home or Hold as Rental

[Jai Hill]

I purchased a home in Toledo, OH to hold as a rental. I am having thoughts of selling the home for a profit. Base on comparables I could sell the home for around $115k or rent it for about $1,100/mo. My all in cost are $65k. 

What other factors should I consider?

[Chris Coleman]

@Jai Hill

What is your cash flow if you rent it?

If you sell it and make about $40K-$50K, could you invest that profit to make a higher cash flow?

Also, assuming you’ve owned it for less than a year, keep in mind having to pay short-term capital gains if you sell.