SFH deal in Plymouth, Michigan - rent it out or sell?

[Joshua B.]

So I'm under contract on a SFH in Plymouth, Michigan. I could (1) put it on the MLS as-is and probably make a few bucks pretty quickly, (2) put some money into it and make a few thousand more than in situation 1 but have more risk and headaches, or (3) keep it long-term as a rental that would be a little better than the 1% rule.

For those of you who've had similar options, what kind of difference do you look for from mathematical perspective in order to decide whether to sell or rent?