Is this a case of landlords just not keeping up with rent inflation or am I missing something as a new investor?

Most turnkey companies do tend to inflate their numbers a bit and leave out PM fees and other transactional fees that add up.

If there's enough inflation, things might offset.Regardless, I just like the comfort of knowing that a property can pay for itself. 

For instance if the rent was 1000/mo, you were raising rent $50 and it had been 3 years "While we have had 4% inflation yearly the rent increase is only a 1.6% increase per year."

Fed Chair Jerome Powell will follow up the statement with a press conference, where he will take questions.The Fed is a lock to hike 25bp, but their commentary on inflation, recession, job growth, Quantitative Tightening, and how many hikes are left will all be in focus.After today, the next meeting is March 22, where it’s expected for now that the Fed will hike another 25bp.

Pre-sale apartments can offer good returns, but we're in a crazy inflation market right now.

These always look good for tenants in the beginning, but then the quality of housing drops as the rest of the economy inflates.

Due to the power of leveraged inflation over time you can refinance or sell properties that have appreciated and use the capital from those transactions to pay off lower / higher interest mortgages.

I understand that inflation will also drive expenses up but it seems like that still wouldn’t be able to keep up with rent growth.

I was estimating 190K lower end and 200K high end ARV (as MLS listing comps may be no longer relevant for market ARVs, as they are all inflated and hard to compare now, as the price goes up on daily basis).My realtor is nervous that this deal may not be as good as we thought(which I agree, as this might be just an OK deal), but I believed that it's worth the risk, as the area is B+ and rental opportunities are easily 1450-1600.