Fix and hold vs fix and flip

[Josh Norris]

I am getting ready to close on a property I put under contract about a month ago, the owner was very accommodating in letting me do my due diligence based on the condition of the house. I have so e questions about what my end game should be on this deal. I have I under contract for 88k, I am paying closing on a cash deal, ARV is 220k on the low end. The home is a complete redo with a leaky roof, slight hoarder house, unoccupied for the last 2 years, asphalt siding, new electrical......., you get it. I would like to hear people thought on fix and flip it or fix and hold? This will determine my costs and what I put into it. Rent would be around 16-1600/month.

Also as a side not can I paint asphalt siding and do they still even sell the stuff?

Thanks a ton,

Josh