My first deal...to flip or to hold?

[Mitchell Wyatt]

I think I've found a good deal on a single family home that needs a little work.  Here are the details:

Purchase Price: $35k

Rehab Budget: $12k

Estimated ARV: $65k

Monthly Rent: $650

Monthly Cash Flow: $60

I know we typically look for $100-$200 cash flow but with this being my first deal I'm willing to take a little less just to build up my confidence and get some momentum. If I keep it as a rental should I BRRRR to get back most of my initial investment? If I flip it, I'm worried that capital gains taxes will eat up to much of the profit. Is there a right answer to this or is it just a matter of personal investment preference?