I either don’t get it or this deal does not make sense to BRRRR

[Luis Sosa]

Hello all, 

I am a full time firefighter/paramedic and a "part time" which is more like full time real estate investor. I mostly do fix and flips but I am looking to add to my 2 door portfolio of rentals. I have zero, zip , nada experience in the BRRRR method. I did the calculation here on BP and tried other calculators as well and the numbers just do not make sense to me, seems like im complicating this more than i have to. Ao here is the deal, my numbers make sense for a flip but need to figure out if its a good one to keep.

I have purchased a property SHF $150,000. 

Rehab will be $29,000 all in ( all cash of my own money) 

Holding cost at about $15000 including initial closing etc. 
 

ARV conservative @ $250,000 to high @ $260,000- $270,000

Only loans i am able to obtain  at this time unless you guys can recommend something else is a commercial loan at about 6.2% they will cash me out at 80% so roughly finance $200,000 5 year/ amortization at 20 years. 
taxes at about $4200 per year and insurance at $900 per year

Rent for this particular property would be at $2,000-$2,200 per month with tenant paying utilities, water, and maintaining grass and snow. I will be self managing for now. 

Again, my numbers for a fix and flip make sense but do not for this BRRRR. Sorry to sounds like a complete newby but in this case of the BRRRR, i am. Thanks all help appreciated

[Luis Sosa]

@Cody Mitchell thanks for the reply! The area is steady and desirable. The evaluation might be at the top of the spectrum maybe even in the coming years but not 100% sure. I did do an airdna data analysis for the property for an Airbandb and it has good numbers……i am also new to short term rentals so I do not know anything or where to start. I di strongly believe this is a good fix and flip and pulling all the cash out  right away is very attractive still so i can keep buying properties.