Purchase price: $65,000 Hybrid Fix & Flip, bought, made minor repairs and clean out.

If you have the budget for repairs if you rent it out, definitely rent it out!

Quote from @Stetson Oates: As a suggestion, when you refer to net cashflow, I would include maintenance, vacancy, and repairs. 

Typlcally, a lender is going to lend 75% - 90% of the Cost of the project (property price plus rehab cost (scope of work)) or 70% - 75% of the ARV (As Repaired (as completed) Value).

If you're running a fix & flip business, you'll eventually want to learn how to estimate repairs and independently prepare a scope of work.

$3500 in repairs with little downtime in getting it fully occupied.

Remodeling costs increase the property’s basis, while post-rental repairs are deductible expenses in the year incurred.An LLC isn’t necessary for a single rental but can provide liability protection as your portfolio grows.

Especially if once you move out, you won't have any contigency or free cash flow for repairs or vacancy. 

If you have vacancy or in need of a large repair, will you have the cash to also manage that? 

Repairs were $25,000.