REO house as my first flip. I need some advice.

[Curtis Deckard]

Hi all. I have a situation where a house has been on the market for about 6 months. It is a REO listed at $29,900. I had a contractor friend of mine look at the house yesterday. He confirmed what I thought that it needed a new roof and some electrical work done. However, the house is not in too bad of shape. I have used the BPs BRRRRR tool to see if it can work. I have never done a flip on my own. I helped my late father do several but was the labor and not on the financial end. The bank that owns this property is a small local bank and has offered 100% financing and some help with funds for rehab depending on my credit application. I just need some advice from others who have done flips before. I don't know if I want to flip or rehab and hold. Its a good neighborhood on the way up. Any advice would be greatly appreciated. Thanks in advance.