Fast forward to 2018.Background ContextAt the time I had bought a property in a favela in Brazil, I had never even been to BrazilI was visiting Rio de Janeiro for the annual Carnaval celebration in 2018 and bought on a whimI had no experience with properties in a Class C or D in the USA, and not abroadI knew very little about investing in Brazil and didn't begin to research until I arrivedWithin 2-weeks I had spent about $400 with a local attorney to expedite and acquire the necessary tax registration number (CPF) to buy propertyFavelas are appreciating faster than luxury property in Rio de Janeiro, rent is inflating relatively fast for all property types.

Future projections are always set to be wrong if a recession happens, which is why you shouldn't count on inflation from the start. 

Prices of some construction materials have doubled and tripled, so the cost of new construction will be increasing as well, and the governments printing of so much money during Covid can only drive inflation up. 

Now if you combine this with a rent appreciation that significantly surpasses inflation then it can “makes sense from a cash flow point of view“.Would I purchase such a property?  

I am now subject to rent control and can only raise 5% + local inflation (for the last year it means an 8% increase was permitted). 

The annual inflation rate for the United States is 2.3% for the 12 months that ended in February 2020.

If the monetary measures will increase inflation, you want to be in debt not in savings!

I over inflated the expenses for now and this is what i got.Thank you for your help and input.

Another thing to beware of is that because Raleigh residential market is so hot, a lot of contractors are inflating their bids tremendously. 

Deflation is a beast that Bankers fear as people stop spending and last resort efforts to create inflation after deflation can have grave consequences.