Buy and hold vs flip

[Dillon Goral]

So as a kid right out of college I had bought a house for a pretty affordable price in my market. A few years later on after a few big value-add projects, I had discovered the BP community and had decided I wanted to try and rent the house out (lots of new industry nearby, colleges less than 2 miles away etc), but after a basic calculation on the analysis it seems as though the numbers wouldn't work out cash flowing extremely well, leaving me basically dead even. I think I can attribute this to extremely high property taxes in the area, but what I want to know is there any way to create a strategy on a basically break even property I've already been househacking to make it work as a rental or is it better to cut my losses and sell it to get whatever equity I have in cash for my next real estate move?