For instance, if your rent is $1000/Mo and the annual inflation rate is 5%, the buying power of $1000 will decrease to $950 next year.

But because of high prices and high rates most of the properties seem to be breakeven (at best), so this may be something to look into once rates decrease.

In a perfect world, you'd cash flow while you're there, but even if you are decreasing your living expenses, then you're winning.

Granted, they may come down slightly, but I wouldn't expect a dramatic decrease anytime soon.  

As the cycle lengthens, the cash flow decreases. 

Also be aware that there are prepayment penalties on these loans so you would need to keep it for 3-5 years unless you decrease the period which will result in a higher rate 

So in most cases operating cash flow will actually decrease because you're servicing more debt (this is offset by the cash out refi so it's still usually a net gain). 

@Alyson Gordon we were originally looking at LTR for the decreased involvement and not needing to furnish a place (and some HOAs are LTR only), but I had not considered corporate housing before; from some brief research looks like this is likely a furnish-required.

There is current negative cashflow at the listing price, little potential for upside, a significantly reduced offer price is required just to break-even or significant rent increases and utility decreases.

This will decrease your Debt-To-Income Ratio to be more favorable with banks for loans and will improve your credit score as you mentioned.