Unless you already have a stream of passive income to fund your lifestyle, I don't think starting real estate investing with $13K and a 688 FICO score is going to be a ticket to financial freedom (although I'm sure it has been done). 

Based on the NOI of the property, and the fact that a lot of the big-ticket items have been taken care of (roof, furnace/AC), I think we'll be able to get $700,000 for this property if we sell.

The cost of vacancy from raised rents that tenants cannot afford likely exceeds the costs of missed opportunity from not raising rents this round.

However, there is no golden ticket here.

You can use low down payment loan options such as FHA and get away with as little as 3.5% down payment.

Not so much if you are trying to buy a house).In addition, inflation is typically measured using the consumer price index, of which housing only makes up about 23%, so it's not a 1:1 correlation - an increase in the price of bread, or milk, or gasoline, or clothing, or movie tickets directly effects the CPI.

I've been in Round Rock, TX for the past week to surprise my wife's grandmother on her birthday. 

But if a round person showed up, was professional, dressed nice, and was eager.

I'd figure 10-12%.The number for your taxes is very round.

My bet is that the Federal unemployment stimulus will continue through the end of the year (with some modifications insisted upon by Graham, Paul and a few others) and that there will be another round of direct payments.