Currently at Primerica Convention in Atlanta.

If this is a conventional mortgage then you will be underwater and it is a bad deal.

Generally if you buy in the cold season, it means the sellers are more motivated... but it means you're not going to see all the inventory since most buyers don't want to buy then. 

Conventional How did you add value to the deal?

I dont know , and I dont care . ( Its a sellers market in my area with very low inventory in my price range )

Completely new to this space any advice or recommendation is appreciated. lots of ways to answer this but from experience there is existing, cash flowing inventory of single family, multifamily, commercial. there is new construction of single family, small multi family, and large development ground up multifamily. we play in the second area. all urban core higher density infill lots best locations.

I haven't done a conventional loan for decades, so someone else can chime in.

This could cause real estate inventories to rise as more sellers consider moving on from their pandemic rate mortgages for more lateral and feasible borrowing costs.

More inventory, soft pricing, etc...Collapse ?  

There are relatively new conventional loan programs that  allow as little as 5% down payment  on the purchase of an owner occupied  1-4 unit property so hopefully this helps conserve  your capital