The good part is I have access to MLS the bad part is I'm struggling with finding houses below market value as prices in the area are already incredibly inflated.

You should assume that it won't last, and inflate the cap rate to match the historical averages.

Inflating their moneyAnyway, the people you've been talking to lack historical perspective.

Part of the problem we are encountering right now is people have not and therefore those over inflated values are now the norm.

It's a bit daunting to be embarking on learning real estate in a country like Zimbabwe which suffers from extreme hyper inflation.

4️⃣ Inflation's Double-Edged Sword: Inflation means various things for real estate investors.

This property likely will not appreciate faster than inflation which implies in inflation adjusted dollars there is no appreciation

For example, if investors expect higher inflation or economic growth, they may demand higher yields on Treasury bonds, pushing interest rates higher across the board.

We believe we can build for 200k a unit (very inflated number, most likely lower but using a conservative estimate).

There has been under construction in this space since GFC in 2008-09, so now big lack of supply, and we have multiple offers on spaces and able to increase rental rates 10-11% on new leases, plus we write in CPI step-ups to hedge inflation.