First deal! Should I flip it or hold on to it?

[Raquel Arias]

I currently have a 2 family property under contract for $55,000 and it needs about $50,000 in repairs. The ARV is 150,000. I am purchasing the house cash, so I would have the property free and clear. The repair would come from credit cards. Which would leave me max out on my credit card. With no money since I am putting all my savings to purchase it cash. If I rent it I could probably get $750 per unit making about $1500 a month. This would be my first deal. I don't know if I should flip this or hold on to it.