Should I flip or rent my first investment property?

[Joshua Porter]

I need some help! I bought my first investment property a year ago. This has been a learning experience for sure. We have had several setbacks which can mostly be attributed to our inexperience. We are now closing in on finishing up within the next 4 weeks. I initially purchased the property to a

BRRR property but I am considering flipping as we have spent more than we anticipated. Here are the numbers:

Purchase Price:$23,000

Total Rehab: $ 87,000

Total investment: $110,000

ARV: $142,000

Rental market:$1200/month

Again not sure what other information would be helpful but let me know any thoughts.