Anyone predicts at more than 1 yr will need several scenarios. 

Jones We see 1% in Indianapolis, but i prefer my clients to be in specific areas that have better tenant demographics, higher tenant retention, and predictable appreciation.

And sellers were on hand and many took less than than predicted bids as well.

The more you deal with predictable outcomes based on historical measures, the more calculated you can be in your risk taking. 

But in this case I can pretty confidently predict that if you end up in front of a magistrate over this, you'll get murdered.

The second reason is that I would be able to qualify for a larger loan, since banks would allow a conservative prediction of cash flow from rents to be added to my income.  

Lock your rate now with whoever you are working with that did not take the time to offer you this prediction.

Long term deflation is NOT in the government's best interest so my crystal ball predicts renewed inflation at some future point.For the moment, however, I sure do like hiring carpenters and other tradespeople at half their usual rate.

If you have funds in an IRA the proper way to compare the options is to ask yourself a question:Should I leave those funds invested in a stock market with you and I can't control, can't predict and is risky and hope that it will work out okey at the end?

Just like you can't predict what car will win the race without taking into account the driver :-), vacation rentals can vary based on marketing and management approach.