Should I Flip or keep as a rental (SFR)?

[Daniel Luedtke]

Looking for advice on whether to keep this property as a rental, or flip?  

PP = $77,100

DP = $5k

Rehab = $36,175

All in at $113,275

ARV = $140k

Flip 'Net' income should be around $20k.

PURE cash flow as rental = $204/mo

I'm building my portfolio so I can replace my income sooner than later. I currently have: a Triplex, 2 STR properties, and a SFR that are all cash flowing well. I have another triplex I just closed on that will be a while to rehab, and another 2 properties I will be closing on by end of March. One will be a flip, and the other a property with 2 houses on that should CF well. If I flip this one, I could get back most or all of the cash I have in the last 5 properties I have purchased (and the 2 that are soon to be closed). Doing the flip, would allow me to keep purchasing more properties quicker. However, at $200+/mo in 'Pure' CF, I know it is a good property for a rental too.

Thoughts greatly appreciated!  TIA

[Rene Owczarski]

@Daniel Luedtke Well, since the work is already done, and you're looking for income, might as well keep it as a rental. And then just do a rate term refi to get most or all of your rehab/purchase money out of the deal.