It depends on the property you are flipping, however I recommend hanging it significantly higher and out of normal reach. 

Depends on your credit score and debt to income ratio etc .If it us full doc and it is a primary residence sounds a little high . if it is an investment sounds pretty solid .

Regarding which one to use, it depends on what your priorities are when it comes to features.

All depends on contract,  financing, etc.  

Town homes can be a good starting place depending on the restrictions.

Would depend on what a few months are imo. 2-3 months let it go, keep the deposit and fix the place.

Depending how much you earn you can step up those savings by getting a side-hustle in any part of real estate....working for a top Real Estate office on weeknights and weekends, working for an RE Investor, working for a General Contractor and learning a few skills, etc.

If you are buying or refinancing an investment property, you can use a DSCR loan to finance which doesn't consider your DTI or income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

@Janani RangarajUse this website and my ranking system for each livability score https://www.areavibes.com/Here is my rating & classification for each livability score. 80 and above A+78/79 A76/77 A-74/75 B+72/73 B70/71 B-68/69 C+66/67 C64/65 C-60/63 D59 and below F

It depends.