An over simplification is this:The Fed is following their 00-01 and 08-09 playbook to prevent an economic recession and that is 0% interest rates policy and Quantitative Easing (money printing) to re-inflate the economy only this time the trick is not going to work.  

Especially because our market is so hyper inflated. 

Real estate, and fixed debt against it is the best inflation hedge that exists.

The more they print (all the gov't bailouts announced for banks/businesses, and the "stimulus" for citizens) and buy create new bonds that have to be paid by future tax dollars, the more I think we should all be buying precious metals/hard assets to protect from the raging inflation that will likely come.

That does NOT preclude anyone to underwrite at an inflated ARV. 

Where I think it maybe it is a personal business decision is when you have say 100+ properties and on average that is 9k in reserves each so you are talking 900k sitting on the sidelines in a bank account paying little to no interest and then with inflation you are essentially having your cash lose value month after month. 

My only concern right now is that my current apartment lease ends in July, and I'm not sure if I should sign a short term lease or buy this summer to capitalize on fewer buyers in the market - then there's also the whole can of worms with artificially inflated mortgage rates right now bleh.

Update...I ran the numbers and we are positioned to pay off our duplex in 15 years which coincides with our estimated retirement, and adjusting for inflation, the cash flow on that property will pay for 1/4 of our entire monthly expenses.

The money you pay off the loan in 30 years will likely be work less than 1/360 (30 years) of the inflation adjusted dollars. 

During the rental period, the TB paid extra towards the principal, and the price of the house was inflated a little to compensate for value increase during the 3 year period.)Just to be clear, it is your position that this is not a viable way of doing business at least in the pre foreclosure market?