Should I buy and hold or sell to increase capital?

[Stewart Campbell]

Hey everyone! I have a deal where I'm trying to decide if my next project should be kept as a rental or sold to increase capital.

Info on the deal: It is a double in Metairie, Louisiana, right outside New Orleans.

1615 sq ft. The first unit has 3 beds, 1.5 bath. Second unit is a 1/1

PP. 157,600- includes closing and taxes for the year. Paid in cash

Rehab- 45-55K which would be all in for 202K-212K

ARV would be 280K-300K

Option one would be to sell to take advantage of the hot market and profit 68K minimum which would be my largest profit for a flip so far.  

Option 2 would be to BRRRR the property which would align with my long term goals.

Gross rent $28,200 a year or $2,350 a month 

NOI is $18,780 or $1,565 - expenses include taxes, insurance, vacancy, maintenance, and capital expenditures.

Assuming loan amount is $213,750 (75% of 285K). Rate is at 4.75% over 30 Yrs. 
Mortgage 13,380 or 1,115

Cashflow at $5,400 a year or 500 per month 

I would not be able to make a profit on refi, however I will be able to pull out the money to use on other flips in the future. My long term goal is to accumulate multiple rental properties and I believe this would be a good first property. It is next to a major hospital and the neighborhood is experiencing many new builds and renovations.

If I were to sell, I would use the profits to increase my capital to do larger fix and flip projects.  I average 20%-30% return on my fix and flips and I could later acquire rental when the market cools off. 

I have been a REI for 14 months and I have completed a few flips and a few wholesale deals. I am leaning towards keeping it but I'd love to hear y'alls opinion.

Thank you in advance