The Adrenaline Play: Flipping: Buy, improve, sell within 3-6 months. A single flip can net $30K-$80K. But profit depends on renovation costs, timeline, and sale price — three variables you can't fully control. Understanding <a href='/learn/rehab-budgets'>rehab budgets</a> is critical for flip success. The Wealth Engine: Renting: Three simultaneous income streams: monthly cash flow, appreciation, and equity buildup. Over 20 years, one rental can generate more wealth than a dozen flips. Good <a href='/learn/tenant-management'>tenant management</a> is essential for rental success. Head-to-Head Comparison: Time to profit, risk level, income type, capital needed, market sensitivity, and tax treatment all differ dramatically between strategies. When the Market Picks for You: Flip in hot markets, buy rentals in cold ones. Rising markets inflate flip margins; uncertain markets favor rental patience. Read more about <a href='/learn/market-conditions'>how to read market conditions</a>. The BRRRR Strategy: Buy, Rehab, Rent, Refinance, Repeat — combines flipping's value-add with rental's long-term wealth while recycling investment capital.