I'd do a 1031 into a syndication which achieves the following1) Tax deferral via the 1031 - why pay taxes when you don't have to, let the unrealized taxable gain continue to work for you2) Passive - by investing in a syndicate you can move from being an active investor to a passive investor3) Returns - in my experience you should bet better returns by investing with a syndicateGood luck!

Right now I am just shooting blindly I bet.

Since we cannot predict the future, and you said you want to be safe with your money it sounds like;  I would personally not invest based on speculative appreciation, but that's just me and to each their own

Once you have that number (maybe it ends up being $160k, maybe it doesn't), take 70% of it (or maybe even 65% if you're new to the process), then subtract your renovation, holding and closing costs, which will vary based on a number of factors.In your case, let's play it safe and say the the home ultimately sells for $150k. 

Plus, it's way cheaper to market and help the same borrower repeatedly than it is to constantly have to find new people.You should make sure that the people you work with will provide you with the same thing but as safely as possible.

I bet you have to put down 30%+ in order to satisfy the bank's DSCR.Frankly, the fact that you're asking these questions means, you're nowhere near ready to buy a property of this size.

I would start with something smaller than you can safely afford.

If you have $50k to put down then yes, your mortgage payment will be low enough to buy and safely in New Britain.

The house stays safe and protected while on the market.

ROI is much higher and can out perform those betting on appreciation.