Although -8% is nothing compared to how much the premiums have been jacked up over the last 4 years, it's certainly something! 

Realtors can provide a comparative market analysis (CMA), which looks at recent sales of similar properties in your area.

They also take the closest comparable rentals, so if it's far into beachwood or closer to highland hills/cleveland also will move the determination.  

I would like to possibly purchase a multiplex 2-4 units that is a proven winner when comparing costs to return. would this be ideal?

Thats the best indicator of MBS pricing and activity as far as directional movement is concerned.

Personally, I'm betting my own money on it, looking for investments now that our inventory has creeped up to about 4 months supply, which is still pretty low compared to most markets.  

Also, I have a few proformas you can run through if you want to crunch some numbers & compare opportunities.

The process is seamless compared to typical government loans.

You want to confirm your expected income.After checking the leases and seeing what the current rents are, I’d also compare them to market rents and see how much time is left on the tenants' leases.

I’ll get a better interest rate on the property as compared to an investment property since it is an owner occupied conventional loan2.