Panicking sellers may temporarily drive prices lower, but stabilization is expected.

Sorry to hear that you are dealing with an eviction, though with the high cost of living here and relatively lower wages, I suspect it is not uncommon. 

I think I’m going to lower the price a bit after Thanksgiving, because I really don’t want to go into Christmas without it leased.

If your goal is to offset your mortgage with a house hack then Lowell would be a good bet, but if you're looking for a longer term appreciation play then the areas closer to the city would be better, although the offset from cashflow may be lower than what you're looking for.A good step for you would be to dig into specific areas more as @Lien Vuong noted above.

I am also an Italian citizen, I lived there for a while, so I know the place and my family lives nearby.House prices are also lower in the areas I invest in comparison to Munich where I live.

Most lenders will use the middle of your three credit scores and if there's more than one applicant, the lender will go with the lower of the two credit scores.

Without new companies creating similar-paying replacement jobs, workers may have to settle for lower-paying service sector positions.

Any ideas how to lower this or use it as a owner occupied property?  

This is what is pushing up rental demand for small MF properties that having lower rents, fees, or total move in costs compared to other larger commercial apartment complexes.

However, I also understand that lower housing cost may saturate the rental market.