Lock in low fixed-rate 30 year mortgages and let inflation erode your debt over the next 30 years.

Sellers are incentivized to inflate numbers to you for the best selling price, but it's your job to be a savvy buyer.  

@Steven Juelke I do encounter a lot when looking at a potential investment property has inflated income projections.

And have it run with the property not the seller.So, either risk getting an artificially inflated offer because the other buyer will know I have ROFR, or risk getting an artificially inflated offer because the seller gets to pick a number out of a hat?

I plan to increase rent at the end of my two year lease to adjust for inflation.  

Rents go up over time in most areas (the nice part of inflation) and as a savvy landlord with a long term fixed mortgage and a DIY guy, you will keep your costs flat (though some like insurance and maybe trash or any utilities will creep up)...Maybe a story would help. 

Rentals are great hedges against inflation.

I wouldn't mind purchasing a rental home so a few of my extended family can have a more comfortable living situation, but if I can hedge against inflation, take advantage of low-interest credit, and rely upon them to meet, or exceed, my monthly capital requirement--mortgage payment, capital expense account, etc.

I see so many inflated ARV's from wholesalers who want to make a quick coin.

The numbers are inflated to show worse case scenario for the most part.