If supply and demand decrease at comparable levels, there shouldn't be any huge price swings or market dynamic shifts.

I am doing reasonable renovations which decreases my maintenance and capex substantially.

Many houses do sell well over ask but that's not true for them all and I just saw a property pop up this morning as "price decrease" on the MLS that would work perfectly for house hacking. 

To decrease your costs I would insulate,  try to separate the gas and go to all low flow water fixtures.

Can you go say 12 months from completion to sale or take a xx% price decrease to unload, in a down market. 

They think taking homes out of the housing stock to use for STRs meaningfully decreases the inventory and therefore could push up prices for long-term rents and homes purchase prices, too. 

But it also has the effect of decreasing your basis and increasing your gain when you sell.

I told my buyers the market here in Philly has not seen a 40% price decrease even though rates have gone up 4%.

Low rent/lowquality tenants will increase your vacancy and repair expenses, whilea higher quality tenant may decrease your returns.

Is the population growing/decreasing?