if the plan is for this to be your primary residence (for the next two years), then I'd suggest going with the smallest SFR you can live in, saving money for other deals. 

I have 50k saved up at the moment, will have 120k by January.

A $10,000 price reduction will only save me $350, meaning I will still have to come out of pocket about $10,000 greater than underwritten, when it comes time to do the repairs.

Save that rental income and then when your first unit reno is complete you will have an exact picture of the time and cost to do each of the next units.

When done correctly it can save you tons of money and should be equally as beneficial to you as your entrepreneurial tenant.

Without renter's insurance you’re putting yourself, your rental, and your savings at risk.

It will also save you FC attorney costs if you just pay and then FC.

I also have little money saved, since I have been living on a SEAsia salary.

I came from ghana Africa to the US  in 2003.I am married with 3 boys.Been through a lot and have finally been able to save up 150k.i want to go into buy fix and flip based on the advise i had from friends.They tell me that,i am ahead based on the 150k i have saved up.i dont want to lose my money.i need a good advise on what to do.Alex

Or would it look better to have the minimum down payment and show that I have a fair amount of savings (about 6 months of mortgage payments saved up)?