When your return is based off of the income and not the actual value of the asset, even through a down time if property values decline, you will still be making your monthly rent and can ride out the wave. 

He came to my house a few weeks before having to move and tried waving a few months rent under my nose to renew.

Each reductions results in a wave of showings but not one offer.

The argument that a wave of evictions will take place when the moratorium over I feel is valid and will most likely take place. 

As long as I can afford my payment I’ll just ride the wave to the next “7 year cycle.”

Every market has a different market pattern.San Francisco for example, has 1 year bullish year with 2 year consolidation, that's the first wave.

Demand is insane all across the country, so I am curious if a wave of foreclosures actually helps stabilize supply.

He rode the wave up for many years and sold at the top in March.

My thought process is to try to ride this appreciation wave for my new primary home, then, in 2-3 years time leverage the equity build-up (plus my house hacking income) into more properties that cash flow.

Wave is another option (also free).