First Investment. Fix n Flip or Rental?

[Alexander Burkard]

So, next year starts my side hustle.

I'm having a hard time deciding which one to start with first. The ROI on a Fix n' Flip seems much more promising, but of course is more work. And then I could use that profit and put money down on a rental to increase cash flow.

I've worked on houses before, so it's not a daunting task and I would have a contractor with me as well.

My wife wants to start with a rental first, maybe even house hack our current duplex that is for sale, which I'm on board with but I feel like the monthly cash flow versus the ROI on a 6-8 month reno job, the fix n' flip seems to be the clear choice to me.

However the steady (almost) guaranteed cash flow would be nice to help push us out of debt.

Suggestions?