Question: to flip or to hold?

[Rose Davis]

Hi I am currently a home owner of a single family. I am interested in getting involved in real estate to flip and to buy and hold. I am ready to move out of our home into something better but I am debating if I should flip it or keep it and rent it. If I flip it that would give me about $12000 profit after closing. I am just debating what to do because if I keep it I can open up an equity line and use those funds. Does anybody have any advice on pros n cons of both?