Buying single family home

[Pravalika Gokulakonda]

Hello..! need suggestion. I was interested on single family home in (9/10) good school district in center NJ $540k, 4beds and 21/2 baths with basement(full finished, no walk out level) nice backyard. very small updates need to be done like paints, lights replacement..bedrooms are on upper level, main level has big eat-in kitchen, powder room, nice living room, less taxes. Even though I liked the property I don't want to live there but thinking to make investment property. What can I do here, buy and live in, or buy and do rehab then sell, do rent by room. There is a address here please have a look and there is a solar on roof (address: 46 Ludlow Ave Belle Mead NJ ). Please any suggestions appreciate the help thank you.