I highly doubt you are going to get anything close to 2008 type price decreases ...Covid may or may not be a buying opportunity.

@Zac BoelkowRuben Cruz at Crulliance is a great CPA in Tampa that actually works very proactively meaning he will do tax projections in Q3 and Q4 and proactively let you know where your tax bill is and give you documented written out options in order to decrease your tax liability.

I'm also a bit surprised that the realtor is "firmly" suggesting financing decisions, but putting that aside - it would make sense to pay more up front if the money you save from decreased interest rates offsets your upfront costs (+ time value of money) during your expected holding period.

Let it rot on the market, make the offer after the price decreases. 

Long story short, my uncle moved in after my dad bought a bigger house and paid my dad for the mortgage, then my cousin lived there for the past two to three years and did a bunch of weird, incomplete renovation; this is important because the "work" my cousin did definitely decreased the value of the house.

yes cash flow is decreasing as deal margins tighten up (increased buying pool, decreased inventory).

You can tell tenants that minimum water bill is $X and you'll decrease rent by $X so they don't have an increase.

The effect of rising rents, coupled with decreasing income, has generated an increase in “rent-burdened” households.

I see prices coming down, properties sitting on the market longer which both bode well for making strategic acquisitions.Mortgage rates are based on longer-term treasury rates which decreases with future inflation expectations.. so that fact that the FED continues to raise rates to damper inflation may be the one thing that brings mortgages rates further DOWN. 

As you pay down the mortgage your annual interest expense will gradually decrease as more and more of each mortgage payment goes toward principal.