Appreciation and equity build up are other factors that the 1% rule does not take into account. 

Once you get well established locally and build up capital, take that capital and go out-of-state to build it up some more!

Start there, build up savings and then come back when you have 100k - 200k in cash or marketable securities to invest. 

This service will clean the fireplace of soot, sap buildup, bird’s nests and other combustible debris.

I want to build up multiple cash flow streams by sending a lot of money to investment accounts.

It shows you live in KS. 

Lastly, having a larger monthly cash flow, especially on your first property, will make it easier to build up a cushion in your rental account for unforseen large repairs or vacancy.I'l quickly touch on an angle I've used while acquiring rental properties, especially those in poor condition or those where the price is already reasonable for what it is.

I have my first property in KS City closing in a few weeks.

There's a ton of ACTIONABLE items in that book to build up your pipeline. 

At the same time, you need to meet your living expenses and hopefully build up some cash which will enable you to take risks when you are ready and capable.