While flipping generally holds the most appeal to new investors I would strongly recommend you look at your first project as both a flip and a rental. 

As @Mindy Jensen has pointed out, yes each bedroom needs two exits, Egress window for escape and a door that will lead to another exit, it cannot pass through another bedroom or bathroom only to a hall or common room then out. they must have not had one of those exits in that house in Colorado.

I have a list of current & done deals, and a business plan for anyone that would like more info if you PM me.

Hi @Lowden Charles and welcome to BPIn my opinion that call will be driven by if you need to recoup your invested capital quick in order to move into another deal.If you lease option it, you could even get a slightly higher price for the house and a nice cash flow but you're likely going to have a good chunk of money into the deal for the length of the lease.  

Many people who have a lot of deals under their belt and a treasure chest of experience.

I am local, an active investor, and a regular on BP. 

I have been both a landlord and a tenant, and have sued many landlords for breach and failure to perform.

The first 5 years in business about 80% of those agents that survive the first year will be gone.I was at the bank today and the teller said everyone I know coming in is saying they are getting into real estate.

Better have your banker already settled and a phone call away. 

I'm considering a property that is selling for $50k (2 acres and a moho).