[Calc Review] Help me analyze this deal

[Wayne Warren]

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*This link comes directly from our calculators, based on information input by the member who posted.

The asking price is $220,000 (actually it is paired with another house and the total asking price is $440,000 (renters are in both)).  70% loan on $220K using BRRR = $161,000.  Minus $30,000 rehab = offer of $131,000.  Using the BRRR calculator.  Looking at the numbers, trying to make things work.  It is currently occupied by a renter who pays $1,550.  At that rent, assuming my other numbers are reasonable, this deal doesn't work.  I would have to raise the rent and I would think they wouldn't allow that.  Agree?  Can you think of a way this deal would work at the current rent?  Thanks for your kind help.

"Holding Costs" - there is no definition of them anywhere on the calculator that I can find.  Can someone define those for me?

SUGGESTION FOR CALCULATOR:  On the last page put a * next to "Holding Costs" and give a definition.