Unforeseen expenses will always arise, and if all your money is gone to the downpayment and closing costs, you will be in quite the bind.Along those lines, my other bit of advice, it work for free for a while. 

With no major unforeseen repairs being needed and the potential for cash flow you could be in good shape all the way around.

@Ryan Kearns based on the info that you have provided, the rent will cover the debt payment, taxes and insurance and you will also have enough to put up in reserves for any unforeseen repairs or large capital expenditures.

Other piece that’s attractive to me flipping it would be due to those unforeseen expenses I won’t be making quite as much on the BRRRR.

If you intended to live in it, but after closing something came up unforeseen, you should be okay. 

There are unforeseen things that will hit you left and right, and you don't want to be cash strapped when that happens.

I would revisit your budgeting and accounts to make sure you have the necessary financials to support any unforeseen problems.On the other hand, if you are not ready to make the step towards building your portfolio the answer is easy.

This is why I would suggest getting a umbrella policy for the unforeseen.

Needless to say, the house took two years to flip due to unforeseen circumstances like a hurricane and was sold this year.

Title search usually takes ~5 days if you make your intentions knows (and there’s no unforeseen complications.