New member from Northwest Arkansas

[Jacob Doyle]

Hello, im new to the forum and wanted to introduce myself. I help run a family business that does log home restoration and remodeling all over the lower 48. I am located in Bentonville Arkansas and own a single family home here that i am in the process of completing a live in flip (first and last) and am hoping to get some insight on what my next step should be. My girlfriend and i purchased a home last year with private financing through a family member on a 30 year loan at 3% interest for $43,500 and were able to get another loan of $25k to do a full remodel of the home and add a second bathroom to make it a 2-2. We are debating between renting this home or selling to get into another deal, comparable homes in the area are selling for $120-130k leading us to believe we can profit about 50-60k, but we think we could rent for around 950 a month, netting about $250 of cashflow after expenses if we decided not to sell. I am most interested in investing in rental properties for the cash flow and passive income but feel maybe we should sell this one to help get us moving in that direction faster. We would greatly appreciate any opinions on how other members would handle this situation. Thanks in advance, Jacob