Help me analyze this BRRRR deal!

[Kimberly Kim]

Good Morning BP Fam!

This will be my first BRRRR property, but I was wanting to get some feedback. I met an agent randomly who is also an investor. He showed me a 2 BR 1 BA house in Beacon Hill, San Antonio. PP 196K, saying it needs ~50K rehab, ARV 375K (to me this is high but someone please vouch), average rent ~$1500-1600 per month. I would convert it to a 2 BR 2 BA. Would this be more of a BRRRR or if it doesn't rent out, maybe I could do a fix and flip? What are my possible exit strategies if it doesn't work out? (This is fear kicking in). Deal or no deal? What are your thoughts? Thank you! <3