Curernt Home to Sell, Fix & Flip, or Rent

[Tejus Patel]

Hello BiggerPockets! 

I'm a new investor on this forum who's primary motivation is to build a rental portfolio. However, I am also a home owner and I currently am in a situation where I'm not sure what to do with my home in terms of Selling, Fix & Flip, or Renting. Here are some details:

• PITI: $1,842
• Age of House: Pre-1950s
• Key features: Huge Master bedroom & Renovated Kitchens + Bathrooms.
• Location: Spring Branch, Houston, TX
• Comp Rent: $1700-$1750/mo

I was able to purchase this house at close to land value, so the building itself isn't worth much. Even though it's an older house, it's been kept relatively well and has updated tile flooring in the kitchen, new carpet, travertine tile bathroom floors, new shower etc.

My predicament is the following:

1.  Sell - Lots of people looking for new homes after Hurricane Harvey, I have a prime location for a buyer who wants to build something from the ground up in a area that is not in a flood zone, and close to every major area in the city.
2.  Fix and Flip - Pretty common in this neighbor hood with many houses going for big premiums after a newly built home was put on top of the land.
3.  Rent - I will be taking a loss if I compare to the comps, but I am more than willing to be a landlord and learn the trade since my goal is to build a rental portfolio.
   

Honestly I want to do 3, since the land is looking to appreciate fairly well, and then I can get another house which I will be able to House hack in, but again I'm not sure - any advice? What other information should I be providing.