should I purchase

[Lorenzo Smith]

I placed a back up bid on a property site unseen.based on a property  I purchased one year ago,the property is a 3 bd with a converted to a one bed rm studio apt.I recently rented the property I purchased 1 year ago for $925 which I'm looking to refinance the private money.purchase and rehab I have about 40k in it

This other property I would be around $50K but I have a 1bdrm unit that would rent for upper 5 hundreds possible grossing $1400 monthly. At this moment I would have to use private money should this be a buy and hold or should I flip I estimate ARV in upper 70s