Besides, you should be able to raise the rents at least 5% per year, so only raising it 3%/yr is actually going backwards when you adjust future year's CF using future year's increases in your monthly costs too.3 - Forget the $100k in equity, thinking that's a positive thing that will offset #'s 1 and 2. 

I think Zillow uses a pure play $/sqft value, based on data which may include refinances, and does not accurately adjust for comparable sales.As for appreciation, we have a strong market down here but per usual it's hard to predict where prices will actually be in one, three, five years etc.

I fear many will not adjust and will get hurt in this market.

Risk Assessment is the x-factor by which you adjust the above numbers.

Capitalization rates should be adjusted to reflect the following: • Liquidity: How fast can you get your money out?

May be a good idea to plan out each CapEx item with its current expected remaining life and inflation-adjusted future costs.

When adjusting comparable sales to your subject property.

COVID-19 Reality.X.375% might be priced at 100.5, meaning you can use 0.5 to apply to a loan level pricing adjustment (FICO score, rental property hit, etc).X.25% might be priced at 100.3.X.125% might be priced at 100, meaning it's zero discount points assuming you have zero hits.X.000% might be priced at 99.8, meaning it's 0.2 discount points.So it's ballpark 0.2 to 0.3 per 0.125% to rate.The base investment property 'hit' is 2.125 (source).

Any suggestions of frequency or things to consider to determine if I need to make adjustments in my strategies or anything else would be greatly appreciated.

You may be better off conserving the cash you have, saving more and/or adjusting your timeframe to purchase the next home.