That said, with rates going up home sales may slow, meaning future prices may be lower (you lose equity if you buy now) but there will also be more renters.

I am open to ideas about lower cost markets elsewhere.

I read 88% is a good percentage but what about lower?

I am interested in finding decent properties with pure pote really lower price points.

I personally don't have a specific time frame but i'm excited to see other replies.Cheers

Depending on what type of underwriting method a Mortgage Broker found most suitable for your scenario + your credit score, you could get slightly lower interest rate although 6% is a good number to plug in to be conservative.  

Seller asking for 25k, do you think it’s reasonable for me to ask for lower?

A similar order may apply this year, keep your wallets ears openPrevious post https://www.biggerpockets.com/forums/52/topics/247945-typical-eviction-time-frames-for-chicago

With a conventional loan, you could absolutely get into a SFH and rehab it with 30-40k in the 6 month timeframe you noted.

Hence the lower number of $330.