Point me in the right direction please!

[Gabriel DeSantis]

Here is my situation.  I own a home est. value is 315k and owe 224k with 4% interest. I found a short sale triplex in the area I am interested in. 

They are asking 69k, taxes are 3800, comps are around 150k. Looks like it needs TLC. I have about 15-20k for down payment but I'm also thinking about the equity I already have. I'm thinking to BRRR this property but feel like there are a lot of moving parts.

I figured using 20 bucks a square foot for a reno is about 44k. That would put me at about 113k for a loan. Refinance at 150k ARV and take out what I put in. Any ideas or guidance for me? Thanks!