It will be lower in years 1 and 2 during the value add and increase from there. 

Often times this can be a win-win, even if your offer is lower than others.

A good strategy is to use the LOC to make an all cash purchase, that way you increase your bargaining position, then once the property is yours, get a lower interest 30 fixed loan on it, & repay most of your LOC.

They are in outliner areas and seem to be growing rapidly because of their price points and lower taxes

Purchased first property through conventional financing on May 1st, 2018.. had around 30k saved and was able to get a lower down payment since i'm living in one side (all you guys know this process i'm sure) 10k in savings now.

Lots of things can go wrong, and your lower income won’t give you much wiggle room.You can wait til you have 50k, but I think 30-35k is more manageable.

Could anybody please tell me if there are any other good options for foreigners to get lower downpayment and longer period?

If anything  it could pay your car note (if have one) each month (which lowers your monthly expenses).

Most of the homes in the MI/OP group are in very tough neighborhoods and much of the 46218 zip code are lower income/higher crime areas.

Clients have been able to significantly lower their living expenses by leaving their high-rent apartments for 2-4 unit properties in lower priced areas.There is some meat left on the bone depending on what your goals are.I'll shoot you a colleague request and maybe we can connect soon.Best of luck to you!