Appreciate rate needs to be higher than inflation rate.If the cap rate is low, property prices have maxed out, the downside is high. 

Purchasing 4 week Treasury Bills is a very low risk method to help you stay ahead of inflation.

With no one properly trained and no one tied to the bottom line of the company, the staff generally stopped working and caring... with the exception of the inflated work orders to compensate for the uncollected rents.

I live in an inflated real estate market and my thinking is that if my property value stays flat over 5 years, then I'd borrow that $30k for no interest for 5 years.

Those type of assets generally have 2% annual increases or higher so you try to keep up with inflation dollars. 40k today is not going to be worth 40k in income 15 years from now.Is it really an absolute NNN lease or a double NN lease?

Get down to the granular AKA Clintonville from High St. to 71, south of Morse, north of campus.The market is pretty inflated right now, especially on the MLS for a newbie investor.Good luck!  

Arguments for a 30 year loan: (1) You lock in your fixed payment in "2018 dollars" for the next three decades, when that $700 will be worth a lot less (Jason Hartman calls it "inflation-induced debt destruction")(2)  Since your payments are lower, you have increased cash flow that can be used to deploy capital into new projects(3)  If unexpected expenses arise (personal or business), you have an immediate source of regular cash flowArguments for a 15 year loan:(1) increased equity over a shorter time horizon(2) cheaper interest rate(3) owning property "free and clear" still in your prime years and the lifting of psychological burden of debtIt really depends on your personal strategy and where you want to place your risk. 

I get it that it sucks from a tenant's point of view when a disaster or other issue inflates the market price - but unless you're going to have artificial price floors, you cannot have artificial price ceilings.

I personally inflate this number to give me some cushion.

It was the typical over inflated ARV and underestimated rehab budget.