SELL OR RENT? at this point in time

[Daniel Estigoy]

I am currently in the process of selling one of my investment properties. But since Coronavirus news  Im not to sure what to do now.

My Tenant is already moved out.

The plan was to sell it and invest some of the cash into another property but now considering renting it out again and waiting to see how the economy plays out.

My contractor is waiting for an answer from me to either do "Rental standard" construction or Flipping. 

Any suggestions?

[Evan Polaski]

@Daniel Estigoy, while I agree with @Stephen J Davis that sales will slow down, they are not stopping.  I am part of a local realtor facebook group, and it is still very active with listings and buyers needs.  Granted, it is a little slower than "typical" it has not ground to a halt.  

If it were me, I wouldn't totally change the initial plan of selling.  I would take the house to a "flip" level, at least for things that would have to be redone if done as a rental now and flip later, and maybe bring in a month to month tenant versus long term, and hopefully as things start to recover in a few months (please, please, please) you will be able to get tenant back out, touch up a few things and get it on the market fast.