What would you do in this scenario

[Jason B.]

Hello BP friends. I recently purchased a 3br sfh for all cash. The home has 2 full baths, 2 car garage, and sits on 1acre of land. I'm curious as to what some of you would do in this situation. I purchased the home for roughly 60-65% of current market value, and about 50% of ARV. The home is solid and only needs cosmetic updates. If updated/rehabbed and flipped I could stand to make about $60-70k in profit. I currently own a few rentals and thought about making this another in the portfolio. Rental would bring approximately $1,500-1,600/month. I have also thought about the BRRR strategy.

I'm curious what some of you would do in this situation and why. Please explain what strategy you would use and why.