2nd Property Purchased! Now what?

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Hey everyone,

A little about my investing.. In September, my wife and I closed on our first fix and flip property. So far things have gone well. I'm hoping to have it back on the market 1Q15 and profit about 15-20k. This is the only investing experience I have. I've been listening to the podcasts and reading about REI for 3-4 years, and I'm just now getting the wheels turning.

Over the weekend, I went to an auction, last minute, that my realtor told me about. I went without any intention of buying, but just attending my first auction. After walking through the property, I called my wife and told her I was planning to make a bid!

The property is 1.27 acres with a 24x40 garage on it. The garage has finished ceilings, walls, heat (Propane), and AC. It is zoned commercial. The winning bid was 21k, and I put 10% down.

Strategy: Not sure yet, looking for everyone's input. Two realtors have told me I can fairly easy get $45k for the property. I've also toyed around with the idea of renting it for around $500/month. We live in an area where there is a lake and folks see climate controlled storage as a huge plus. Getting $500/mo would give me an NOI of about $3000. The only major future expense that I see would be a roof in 5-10 years. So I would maybe raise my capex from 10% to 15%.

There is a leased propane tank on the property for the HVAC, and electrical service is there as well. I would like to have the tenants (if i decide that's the route to go) to pay the utilities. 

What are some thoughts? I'm on the fence. My long term is definitely on the buy and hold side of things, but at the same time, selling it for a profit would give me a lot of cushion for the property we are flipping. I know its a matter of personal preference and risk tolerance.

Thanks in advance,

Andrew