As for your debt (ie mortgage) that is locked in when you get your mortgage and won't change with inflation.  

Additionally, much of my investor base are sophisticated but non-accredited, and I don't want to lock them out of a deal they might like.

For anyone asking for a temporary reduction I would not be looking to lock yourself into another year lease. 

I’m also realizing how much more I could do if I wasn’t locking up that capital in my IRA.

oh the ~2k is for NAR/VAR/Local AR dues, Sentri Lock, MLS access and broker fees only :-)

You can also just re-use the locks on another property down the line if you wanted.  

Two of the retail buildings are still close due to the lock down. 

Check out some local meetup groups (still Covid locked down) to connect with others.Good Investing...

Some people aren't big fans of having a HOA.If capital is an issue I would definitely suggest saving up a bit more before you start.For my market ( San Antonio, TX ) I typically suggest people having 25-30K in the bank before they seriously consider locking up a deal.

In our paperwork, for example, not only would they not get any money back, but they would owe us a lease termination fee and would be responsible for rent on the broken lease until we filled the property.And I won't even dignify their ludicrous request for reimbursed moving costs with a response (unless a Bronx cheer counts).Assuming they were foolish enough to announce that they moved out in writing, I'd send them a unilateral Termination of Lease Agreement signed by you and acknowledging the exact date they claim they moved out.Then I'd enter the property, thoroughly document the interior condition via video, change the locks, and keep moving forward.