What would you do? Buy and hold or flip?

[David Soest]

I'm curious to see what other people would do in my situation. Actually I'm not 100% sure what to do so I would like others opinions.

We finally got to a point where we can pull $70,000. cash out of our primary home. 

I was thinking I would buy a cheap house, fix it up and rent it out, then get a loan on it to do another, and just keep going from there until I had all the rentals I needed. 

Option two would be to buy cheap houses, fix and flip them and after I had enough money to pay cash for the rentals just buy one say every two or three flips. No loans, I could own them all debt free.

I have my own workers for most of the work so fixing them up would cost me a lot less than hiring another contractor. 

Thank you in advance for your input.