Now the rent is going to catch up with reality and they'll have to adjust, just like most renters have adjusted over the past 30 years.

But in today’s reality of eviction moratoriums and changing legal landscapes, I think you would benefit from one to get started.

Achieving financial freedom in 10 years is my hobby and I don't plan on resting until I see my dream comes into reality. 

The reality is we all have areas where we can improve.

I learned the reality of "anything is possible if you put your mind to it".

Reality is they are not. 

I'm not trying to discourage you but and just stating the reality.  

I know that you replied he's averse to that too, but as a possible counterargument you could point out to him that rates really are at historic lows and this probably won't last too long (see Time to Wake Up To The New Mortgage Rate Reality)You could also try to get seller financing on any new properties, which might reduce your downpayment requirements and let you expand faster/earlier.

Adding to the craziness already posted: we've seen OOS or OOC buyers dramatically overpay for City of Detroit properties because some questionable people sold them cashflow numbers and represented that the properties were Class A or Class B, when in reality they were Class C or lower. 

Parts of the market are starting to lose connection with reality, but I guess reality depends on your perspective.