First investment property in Memphis, TN

[Taylor Davidson]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $175,000
Cash invested: $15,000

Bought this house in Memphis, TN, with the intention to either:
A.) fix up & rent out for cash flow
B.) fix up & flip for profit and use the profit to purchase my first multi-family home.

I have invested approx 15k in the property and it looks night and day different. Still deciding whether to pursue option A or B. Crime is high in Memphis and picking up in my area. I would like to rent the property if the number is right, but if not I will ultimately sell.