The exception is if you are a "Real Estate Professional" but Highly unlikely you would qualify. 

Has high interest rates ever caused prices to come down?

I’m an investor actively exploring opportunities to expand my portfolio and would love to connect with others who are working in (or familiar with) the following markets: Des Moines, IA, Indianapolis, IN, Milwaukee, WI, Kansas City, MO, Oklahoma City, OK, Wichita, KS, Detroit, MII’m particularly interested in single-family homes priced at $250K or less.

You will also want to get your credit score as high as you can to secure the best interest rate.Third, educate yourself in your markets - attend local meet up's of real estate investors, stay reading and asking questions on this platform, read the books, listen to podcasts, watch the videos - I always like to recommend David Greene, he serves it up straight, informative and easy to understand.Finally, if you're looking to house hack a 3-4plex - I strongly recommend setting up systems to screen renters, collect rents, and be able to fix stuff (like a lot of stuff lol), And set up a system to manage your own books (you may want to connect with a loal bookkeeper), this is a business and if you treat as one from the gate, you'll put yourself in a good position.Hope this helps!

And many states are making it illegal or highly regulated ..

If there’s a more reliable local rent comp tool you’d recommend, I’m all ears.My $9,300 monthly total is the actual all-in payment, but I round to $10K for analysis to account for property tax increases, landscaping, and now the new trash fee.The property is in Grant Hill — not the easiest neighborhood, but it’s still pulling STR/MTR demand (budget-conscious visitors to SD, mostly).I was also banking on more favorable interest rate cuts along with continued appreciation — both of which didn’t play out as quickly as I expected, throwing off my original projections.Regarding your question on my underwriting prior to purchase — can you clarify what you mean specifically?

I was curious if anyone in the group would be interested or know of people who would be interested in buying them.

When prices are high, fewer people can't afford to purchase so they are forced to rent.

This can help you identify neighborhoods with the best potential for appreciation and rental income.Decide on the type of multi-family properties you are interested in (e.g., duplexes, triplexes, small apartment buildings) and set your budget, target return on investment, and other key criteria.Connect with local real estate agents, property managers, and other investors.

We see verbal's as fishing and when we are selling a property, we are not interested in playing back and forth especially on a low ball offer.