This could cause a drastic decrease in buyers, which will allow the scale to tip back in the favor of qualified buyers (through increase quality inventory).If ENOUGH buyers lose their buying power, then prices will eventually start falling as inventory sits stale on the market.Now it gets dangerous based on the market you're in...A smaller (non vacation destination) market with fewer high paying jobs will get crushed by a 2-3% interest rate increase.Mostly all people need to move or sell at some point. 

Due to a recently work injury, I had to transition careers, and unfortunately took a significant pay cut (over 50% decrease in salary).

The Index, at 115, reflected a Moderate level of demand and was 16 percent below the level one year earlier.Demand among each of the types of homes tracked by the Index fell in July compared with the previous month, reflecting a market-wide decrease in buyer interest.

I don’t think anyone is predicting a decrease in rent in non-decking population markets. 

You'll want to position yourself to get healthy cashflow, so that the rental income increases your income (on paper) that a lender looks at, so that it's not decreasing your qualifications for a new mortgage.  

And then there are also fewer closed deals and fewer showings per listing (decent markers of a decreasing demand).

In fact, after using John's business model and math and after I earned $36 million in 17 years by starting with $2.4 million, I still meet agents and brokers who tell me that people make more money with single family homes than with multi-unit properties and all the brokers who tell me that have some serious issues when it comes to understanding the advantages to owning multi-unit properties vs. single family properties.During any market correction and the 2008 to 2010 market crash the multi-unit properties did not decrease in value.

This would decrease my cashflow, but allow me to not miss out on the wild amount of appreciation that has occurred.- Rent the full home and setup a HELOC to have the appreciation gain available should a great opportunity come my way.Ideally, I would like to continue renting the home as I could see myself returning to the west side in a few years. 

Look at the inflation cost of a US Dollar:Yearjanjun20211.400%5.391%That's a decrease in spending power.I'm a former senior wealth banker and admittedly a money geek. 

You want an out if STR ends up not working for you if that is the path you take.The fastest way in my opinion to get out of the daily grind is to find ways to increase your income and decrease your expenses, every strategy works but the more capital you can pour into investments the faster you will reach your goals.