I'm trying to make a pros/cons list so that, when I come across a good property, I have criteria to help me decide whether to rehab & rent (BRRRR) or fix & flip that property. Here's what I've got so far - curious for more input:

Rehab & rent (BRRRR):

• Avoid paying hefty up-front taxes that you incur with a flip
• Good when a property has high rents and low expenses
• Good if you want to hold on to the property bc you expect future rent increases and/or appreciation

Fix & Flip:

• Take your profits immediately (albeit with heavy taxes)
• Good when ARV is high, but rents aren't that high, so you can cash out immediately
• Good when you don't particularly like the neighborhood and don't want a long-term holding here

What do you guys think? Curious to hear what other criteria you guys use when deciding whether to fix & flip or rehab & rent a specific property.

(Note: I'm not asking why you prefer a general strategy of fix & flip vs rehab & rent - to each his own. I'm asking about assessing a specific property that could go either way).