Sell it or Keep it?

[Pierre Eade]

I am currently flipping a historic church into a gorgeous 4 bed 2.5 bath home. My plan at the start was to flip the property, but I am trying to see if there is a way to keep it. The challenge I have been having is that the numbers (below) do not work out great for a BRRRR, unless I am able to get higher than normal rent for the property. I have considered doing mid-term rentals because I have heard that I can get higher than normal rent, but I only have experience in longer term rentals so far (11 doors), so I am a bit hesitant not knowing if I can expect a consistent cash flow and where to find potential tenants. If I sell it, I can cash out and move the gains to my next purchase minus my capital gains tax. I am a licensed agent, so I can save half of the commission.

Purchase Price: $200K
Debt to investor: $75K
Rehab Costs: $115K 
Total Costs: $390K
ARV: $550K

Standard Rent: $3000
Estimated Taxes: $5500-$6000 (Was a church, needs to be reassessed) 
Estimated Insurance: $900-$1200
Estimated Mortgage on Refi : $3350

Cashflow : -$350

I am open to any thoughts on the deal. Thank you in advance, BP Community!