BRRRR Question about the Refinancing

[Mitchell Morwood]

I am going to start my first BRRRR. I already have a couple properties and am following the 50% and 2% rule. If I'm in a house for $120 (after rehab) and can cash out and refi at 220, I get about 70k back but my payment is so high, that now I am not cash-flowing enough to follow the 2% rule.