Should i consider BRRRR or Flip on this deal?

[Jeffrey Odu]

i found a home 2 bed 2 bath, 960sqf, garage, for 73k that needs some cosmetic work (interior & exterior) nearby homes go for 120k-150k. I have 7500$ which is 10% of the asking price

im not sure if my calculations are accurate, but i project if i rent it out for 800$

tax: 1217 / 101$ monthly

ARV: 110,000$

Rehab: 10,000$

Monthly expenses: 731$

cashflow 61$

what I'm trying to determine is, would this property be good to hold and rent out and refinance? or would flipping it make more sense? any pros and cons, i can compare from someone who's done this?

[Meghan McCallum]

@Jeffrey Odu, If all you have is 10% the down payment, how do you figure to afford the carrying costs of the rehab, the cost of the rehab, and what is your plan for incidentals? What if the hot water heater bursts? I don't want to be a downer, just trying to see all of your resources. If you don't have a plan fr those things I'd say partner w someone else. BRRRR the property and then sell it next year to avoid the nasty taxes flippers pay.