As long as you buy property in a good location, all but the worst mistakes will be corrected over time through appreciation, inflation and rent increases.

When creating a CapEx table to calculate your yearly and monthly costs, should you include some sort of inflation rate for the items that have a longer life span?

You should know that rents are no longer rising as they did for the last 10 years or so.

The population is rising steadily. 

We have a great rising market in the Texas hill country - specifically Johnson City.

They are just one missing paycheck away from homelessness.It won't be surprising to me that a total lockdown will eventually cause all kinds of future unintended consequences such as the rise of homelessness and suicide to the level of the opiod epidemic.What is worse is that the class that will be hurt most will be the Middle Class. 

Also, as tax preparers get more clients they tend to rise their prices.

Also an agreement to peg rent increases to an inflation index would be necessary.

I have some savings as of right now for the upfront costs, but I don't have enough for a good down payment on a property (especially in the inflated market in my area).

I am an engineer with Turner Construction working on high rise developments down town.