To Flip or Hold

[Mike Cartmell]

I recently acquired a house for $70k and have put in $30k rehabbing everything except furnace.  New roof, windows, water heater, and complete interior rehab.

I can rent it for $1300/month and will refinance pulling all of my cash out for a 30 yr fixed PITI payment of around $650.

My questions is do these numbers make sense for a long term buy and hold or should I flip this with a sale price of around $155-160?

I am leaning towards holding this but just would like to hear everyone's opinion.  Thanks in advance.