Now causes some price inflation.

Now causes some price inflation.

Economists are forecasting a recession next year or the following as wages rise and int rates rise to fight inflation.

Note this is inflation adjusted, so it means that the middle quintile (red) can actually buy a little bit more for their money today as in 2010, but the same as in 2000. 

As long as you can learn from the deals that go wrong, then they too can be looked at as successes in the long run, even though they may not feel like that at the time.In short, what I'm trying to say is that whilst there are obviously guys on here who chat through over inflated ego's, I think the beauty of this community is the diversity and the ability to learn from every level of it.

Do you plan on doing value add thorough renovations or operational improvements since those are the common ways outside of inflation to/ path of progress play to raise NOI. 

Contractors either charge you overhead and profit or just inflate the prices for all the work required.If it's a cosmetic rehab, I wouldn't even bother on hiring a GC.

Continuing to rent resets for inflation every lease renewal, along with the steep hikes (my Addison apt. increased it 6% last year, I negotiated it to 4%)c.

Also, what are you guys seeing on rehab costs (any inflation), lead times on crews etc.

And did you remember that inflation is 2%, thus 1% would cost you money :)On a cash flow basis, anything under 8 is going to hurt.