New investment possibility

[Josh Scott]

My name is Josh and I live in Southern Indiana. My wife and I have rehabed one house that she lived in and sold it but that's all the experience we have. Ok so here's the Scenario. My wife and I have the opportunity to purchase the house that her ex-husband owns for 30k. Not that it matters but the zestimate is 90k. My wife has been approved for a conventional mortgage for 30k with 20% down for 10 years. I have just refinanced my house and pulled out 10k in equity which were gonna use for part of the down-payment. The house needs 25-30k in rehab. At this point we won't have money for rehab and we are not sure if we should flip or rent.