This obviously will inflate the ARV and make their asking price look better.

This way you get a better rate than savings and money has the potential to outpace inflation. 

You’re entering an inflated market where experienced investors are talking constantly about the dearth of deals and you’re surprised that you couldn’t get a zero down loan from an institution.

Furniture and renovation financed by HELOC, $27,000 @ 4.5% over 5 years = $500/moRent - $3,000/moPITI + PMI - $1350/moHELOC loan - $500/moUtilities - $350/moMaintenance + CapEx - $400/mo (Roof and windows are new, exterior is brick, HVAC is all-new)Cash flow - $400/mo (18% COC) This return does not include equity capture of $260/mo from mortgage paydown (boosts return to 30%), appreciation (anybody's guess, but at least the rate of inflation), or the biggest of all, rent avoidance for our daughter of at least $550/mo (boosts return w/o appreciation to 56% annually).Besides the great returns, another reason for buying the house is the example of living in a money-making house to get our daughter comfortable with house hacking. 

Now with 20 years worth of inflation will your property be worth more?

It's inflated, and in the case of larger scale commercial units, the most valuable information is what it CURRENTLY does, not what it COULD do.

It adds roughly $400/month to the 36 month payout (amount rises every year due to inflation).I've used all 3 of these benefits.

Nice to come across your posts...I've begun looking at condo's in Mammoth but have been a bit skeptical on ability to cash flow or even break-even with the high HOA's ($400+/mos) and high cost of management (~40%), plus it sounds like you're collectively feeling Mammoth prices have become a bit inflated (?)...

To my western PA sensibilities, the market in NH seemed to be prohibitively over-inflated, but I ended up unintentionally flipping my primary home up there for a decent return. 

Many metropolitan in Midwest do not have measurable appreciation when factored into inflation.