Better to filp or rent out in current market?

[Mason Aitken]

Hello there!

Given that it's super difficult to find flip properties in Arizona I'm wondering what I should do with a property I'm about to purchase. Seems like "wholesalers" around here are more like "retailers." The place I have found Is in a good neighborhood in Tempe. Would pick it up for $190 and the comps are in the $230-$240 range. It will need $20-25k to rehab. Other rentals in the neighborhood are in the $1600/month range. 

Given the odds for finding more properties is fairly slim, possible but slim, would it make more sense to hang on to it and rent it out than to flip it?

I'd love to hear your thoughts. Thank you!