Another is that your not tieing up your own cash and that probably the best way to beat inflation is to have the bank pay for it ( the last one is probably my favorite to use a loan).

So with all the talk about an uptick in inflation and even some talk about hyper-inflation, what do you think will be the impact to our STR revenue?   

Just holding onto the money turns it into dead cash, which gets eaten away by inflation. 

I personal have not been able to find ANY property that meets my numbers.Some interesting numbers Ive seen/heard of are that Utah has 4/5 cities that the housing market has been inflated the most.

If you keep it and can get a lower interest rate in today's market, this is a great hedge against inflation and you are holding onto an asset that is appreciating and potentially cash flowing with the rents being higher than your new, low-interest fixed rate mortgage and other expenses.

Is inflation/CPI increases valid justification to increase the rent greater than 3%?

I'd do the rate of inflation. 

But, I think what makes today a bad time to buy is housing prices adjusted for inflation are overpriced if you look at a historical trendline.Let me know what you think!

Not only would you be more leveraged, your cashflow would be lower, and your cash would be effectively withering away because of inflation.

Looks like they are competing with open-door / Zillow and other Ibuyers to artificially inflate the prices.