Too often, people develop inflated egos and forget their own humble beginnings.

Printing does not equal inflation. 3 types of inflation are involved, asset prices, consumer prices, and commodities prices.

The other fun news is that if I had incorporated I would be limited to a rent increase of 5% annually plus inflation, so about 8.5%.

Will Inflation hit an all time high?

But with your assumption on 25% down and corrections, your ROI is below the national inflation rate.

In AZ you typically won't see that in any neighborhood you'd want to invest in, but inflation has made the difference in most years (likely not this one).  

If I itemize I can deduct maintenance, mortgage interest, and depreciation (which has to be recaptured, albeit in inflated dollars).

If this were a forum for dollar store owners, we would be complaining that the government implemented restrictions that we couldn't inflate prices to a "new market level" or we would complain that we are not allowed to sell all our hand sanitizer or bathroom paper to a single person.The fact is, EVERYONE is impacted by this.

Low crime, quiet neighborhood and prices not inflated quite yet.

Even if you keep most of your capital in super high quality low-risk bonds, you will have to deal with the risk of inflation and government insolvency.