We'd like to spend 120-125, and the house is currently sitting at 170k.Normally, I wouldn't even bother with something that over our budget, however I noticed It was orginally listed for 199k, but has dropped 7-8% every month since.

After buying a home or property does your credit score drop significaly?

Exchange, Harvest the equity when possible ... then continue to    "Swap Until You Drop" ... avoid Capital Gains Taxes forever. ( Or until they change the 1031 rules )

You run the risk of rubbing them both the wrong way and they both drop you.If your interested in having one mentor you I would not rub him the wrong way.

If you are an out of state investor looking for insight on any neighborhoods you are looking at, feel free to drop me a line!

Inventory has gone up and once interest rates start going up then watch the values drop.

Tenants become scarce, some drop rates,  defer maintenance, and others enroll in section 8...  

I noticed one day they dropped the asking price to $50K!

@Brandon Turner: Home>blog>blog categoriesand then when you click on blog categories (in a drop down menu along with "view my blog," "write a post," etc.) you get the option to create new categories. 

I think there will be a leveling out, but not a huge drop.