Young Real Estate Investor Needing Advice

[Keaton Opila]

Good day to everyone,

Little background first, my name is Keaton, 25, I recently moved back to Houston, TX and am living at home with the parents temporarily. I lived in Lafayette, LA where I bought and sold my first house. My family has been in the real estate business as small scale builders the past 10 years. 

My problem/predicament  is that I have $50k cash to invest into a new home. I want to invest that money into a new real estate venture with my father. However, I also want to get off the parent's "couch" and buy a home for myself to remodel and have potential roommates move in with me. 

I want to do both, but don't quite have the capital do both, any suggestions?