Unique Property in Strong Market - Sell or Rent?

[Aaron Anderson]

Hey everyone! I'm currently doing a live-in flip on a home south of Nashville in Spring Hill that has a few quirks.  This was originally a barn built in the 1940 that was converted into a home in 1996 by a non-licensed handyman.  Overall, he did a good job, but there are issues that will show up on an inspection that aren't necessarily liabilities.  Grading slopes toward the house, all plumbing is glued together, breaker box has double tapped wires, drywall is shotty, septic didn't perk but he put one in anyway, etc...

My question is this:  With a home like this that could sell quickly once I make a few more repairs, would it be better to sell it outright or hang onto it for a long term rental?  My end goal is centered around buy-and-hold, but I'm afraid this one may be a long term liability.  Has anyone been in a situation like this and what did you do?

For perspective, this home was valued at $40,000 when I bought it last month and I feel I can resell for $100,000 right now easily.  In contrast, I posted it on Craigslist and had people lined up to rent it at $1,000/mo.