In fact, I'd also recommend trying to catch one of those weekly webinars that Brandon Turner does - he usually goes through analyzing a deal in each one, and it may give you a better idea of how to calculate how much of a mortgage you can take on. 

@Michinori Kaneko I really like that idea!

It is somewhat upsetting to see how topic starter pushes this idea of investing.

He has this idea of the perfect deal, He is still looking for that perfect deal that fits the formula that he came up with.

Maybe more.So between down payment, closing costs and repairs, I'd have to front somewhere around $50K - $60K, which I don't have.The strategy that I am considering is finding a hard money lender for this initial costs, with the idea that I pay back all at once when I refinance.On paper, it seems a good prospect for which may be worth to due a solid due diligence but I want to make sure my strategy is entirely doable and be aware of the risks I have to keep in mind. 

I like that you're thinking about several exit strategies and ideas.

Although I'm a fan of Dave's, he's not for me either (as per his debt ideas).

If it's permissible, it's a fantastic idea.

But I already said no way I will cosign on that loan.Yes, that would be my plan getting a bigger house or an actual duplex so we can leverage some of the expenses through rent, but my parents and ironically brother are saying I cant think of that house as an investment because my parents just want a house to live comfortably their retirenment (which makes me ****in mad) because its such an stupid idea especially with our situation.I am extremely frustrated, everybody is making me seem as the bad guy that doesnt wanna help the family because I have my own plans.

@Reese Barker I think a lot depends on what your good at and what you like to do...If you love your current job and make great money, then investing your 100k passively in a syndication is a good idea.