It seems to me the cats are slowly but surely devaluing the whole place but like i said, this would be my first rental property so i need some advise.

To hedge against their domestic currency devaluating against the dollar .

You are also devaluing your property by not having rent at market in the event you wish to sell.

Assume a mere 2% inflation, your debt devalues at that same rate.

This would devalue the property and I feel is a serious risk to consider, especially in areas where cap rates have gone down significantly in recent years.

You earn $200,000 * (4%-3%) = $2,000 annually in appreciation by locking in the price of your home today against the devaluation of the US dollar. 

Something to keep in mind is that newer homes will be devalued by tenants quicker than a older home that has been fully broken in by tenants.

It's because the Empire grew too big and the Greedy Politicians needed more Money to keep Spending, so, they raised Taxes and Devalued their Currency by adding base metals to their Gold and Silver Coins until the population "woke" up to see that their Money was Worthless.  

I find that works great with people as I am not devaluing their HOME or telling them that's all their nicest home they have owned is worth.

No abuse, no trying to devalue a person,etc.