Is it shortsighted to focus on flips as opposed to rentals?

[John Collins]

Realtor accidentally listed one of my properties on the market instead of for rent (one I had put a lot of work into) and the offers were well above what I expected. Could have sold with a 60kish profit but it was a marquee location so would rather have tenants renting it out. 

Unless you have a blueprint where you can flip a minimum of 12 houses a year with a 40k+ margin on each, you're just working for money with no real long term income after buyer's sour or you no longer wish to work. Renting allows you to play the cash flow game, refinance, get out when you need to and eventually have a hefty income stream after 15 years where you only have to expand when you need to.