Should I rent this out or flip it?
I stumbled into a great property last month, and I’m trying to determine the best use for it.
Basic numbers:
All in expenses: $35k
Currently would sell for $60-$65k
With $10k it would sell for $90-$95k
Will rent for $800-$850 per month and will appraise for $70k
I’m flipping houses currently, but will add rental houses as they make sense. For those of you doing both, which way would you take this?