Hold vs. Flip - which way to go if either will work

[Account Closed]

Hi All,
I'm mostly a BRRRR investor but I'm in an interesting scenario where a few investments I recently acquired can be either good Holds or good Flips.

I'm close to the point to select my finishes and was trying to decide which way I should go. Are there any good rules of thumb as to which way to go if either Hold or Flip will work? For example, I heard that if a flip gets you 5 year's worth of rent, then you should flip. Is that a thing? What am I missing?

TIA!