This particular home will not likely sell as a flip for more than $50-60k.

Quote from @William Spekhardt: Hi everyone, I'm looking for someone who can take photos for me on a weekly basis for each of my flips, essentially boots on the ground. 

On the 15th year, the investor and I will discuss together whether we want to sell the house OR continue receiving cash flow.

You should come to one of the Lynchburg meet ups, the next one we are touring a flip.

Purchase price: $120,000 Cash invested: $150,000 Dilapidated house.

Working on a prospective deal and wanted to know whether to flip or keep as rental.

@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

Glad you made your way here.. are you eyeing long-term rentals or short-term flips?

@Shane Regnier I've flipped a bunch of houses in Ocala but have yet to dabble in the rental market. 

I own a house in North Port, Florida (right on the border of Port Charlotte).