Unfortunately, factors like a hardening property market, inflation, labor shortages, increased building costs, and an increase in claims frequency and severity have caused our carriers to require increases to both rates and coverage amount minimums to keep up with these market conditions.

Backup plan was to retain as rental while paying down note and long play on appreciation, hedging against inflation.

And with todays inflation cost control could be a significant issue for someone new to the game. 

The rental rates are nowhere near strong enough to make sense when buying very inflated houses.

The lower of 4% or local CPI guarantees in the long term the existing tenant rents will not keep up with inflation.  

Our team helps a lot of out of state and out of town investors find properties that meet their needs (usually parking equity after a 1031 or moving equity from other real estate investments in other markets).Cashflow obviously depends on your LTV, but I would say the days of cash-flowing on an 80% LTV deal in this area are long gone, particularly with increased insurance rates and inflated operating expenses.

It just destroyed it 1v1 against inflation. 

Which we know it isn't, because if it was you'd be doing something else not sitting on $1.3m liquid cash just burning up to inflation in an account somewhere. 

Inflation, for instance, can raise property prices, but this doesn't necessarily translate into a real increase in value when adjusted for the cost of living.Demand can also drive appreciation, but there are factors that could cause demand to decrease.

Inflation declined by 0.1% for the first time since May 2020.