$100,000 or Great Cash Flow and Appreciation

[John Hixon]

I have a property that I am putting a contract on and I am evaluating what to do with it.  This deal could go two ways, 

1. I flip it and could make around $100,000 in a matter of just a few months. 

2. I fix it up and have a rental that cash flows around $1,000 a month.  It is also in an amazing area that is going to get great appreciation, so I have that to consider to.

And, if you read Brandons new article I could hold that for the next 12 or 13 years and pay for my daughters college.  

The current ARV of the house is $250,000. I am looking to get it for around $60,000. The house needs about $35,000 in repairs due to vandalism. Rents in the area are around $2,200 a month.

So, what would you do, go for the fast big paycheck or long term rental with great cash flow?