Remember that markets can stay irrational for a very very long time.

If rates have gone up over half a percent in the past 30 days, that's a bummer, but I wouldn't be surprised. 

I saw a listing for a 2 bed/2 bath room in a ski lodge that we have stayed at before. 

Also, definitely stay away from websites zillow and Icomps for comps- those sites can be up to 70% off on their numbers.Now I don't know the specifics of your deal like beds/baths, lot size, etc, but looking at comps within a .1 of the area, I would guess you'd be in the upper 300k range.

But, we do not plan on staying in our current house forever so that doesn't seem like too much weight should be put into that.

And I definitely want to stay on budget. 

The investors that do submit non-contingent offers understand the risks involved and usually have a plan in mind to deal with any surprises that may arise. 

You'd be surprised at the demand.

They stay in it a year while fixing it up, etc and then use the rental income to qualify for the next home with at least 5% down.

Mine would be it's kinda no different... most people cant grasp the costs and get burnt out when surprises in constructions come up.