Input on how to start out

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Hello,

I have been saving to buy my first home.  I’m looking to buy something that needs some work that I can do the majority of myself.  These types of houses are priced at 225 to 315k for the areas I’m looking in south jersey.  My biggest hold up is whether or not it makes sense to put 20% down on a 300k  house and then put another 20k or so into updating it.  With the rates now I’d plan on refinancing either way hopefully if they go down in a year or so whether I do 20% or less than 20% down and hopefully pulling out some of the equity to buy another.  I have enough saved to do 20%, cover costs of updating, and have a decent emergency fund but I’m not sure if that is the correct strategy if I want to buy a second house down the line and repeat or pay the extra $200 a month increase with putting only 10% down.

any advice would be appreciated!