@Siddhanth Maheshwari- get  pre approved so you  decome familair with the  process and the  current #s ...find out what loan amt  corelates  to your maximum comfort loan monthly payment ....if it appears your  max payment  would allow you to find some  properties in the area - proceed ....if not -  wait  to  save more  funds to  put down / re  evalauate the  area  to buy  or  wait for  rates / payments to  drop 

I'm about to put my offer in for a my first real estate investment.In Auburn, WA which is about 40 minutes outside of Seattle,WA Listing price was 330k and dropped $5,000 about every 6 days which is now $315k I'm about to make an offer at 250k comparables in the area have sold $235k to $265kThe tax appraisal is 281kTotal square footage is 4200 and its a duplex 2100 square feet is on the top floor and then in the basement has a family room and unfinished portion.

If you can pay the 7k now and drop the MI, you will "make" 1200/yr on 7k by eliminating the MI!

They've done a few price drops on it and I now have it under contract for 59k.

What happens if that market drops?

@Ryan Battista, if I come across links I find of value, I will be sure to drop them in this thread.  

So we decided to drop the price and still provide seller assistance.

@casey (seems using mobile doesn't produce our name drop down box...)  

That's because the Mortgage Balance dropped from $80k original to $64k at Sale.Thanks for the correction Naveen!

We used to have about 14,000 units for sale at any point, last year we dropped to 5,000 and everyone was screaming for inventory.