Thanks Its a similar concept to Weighted Average Least Term (WALT) you want to know 95% of "what" a 95% occupancy of all 10x10s still isn't meaningful if those last units are crap locations and won't ever be rented

I don't think in this market I would be putting much weight into the 1% rule.

I agree, the term itself seems to have been the result of backroom jargon as any pool sold or collateralized will be based in part on the WAM, Weighted Average Maturity of the obligations.

  ^ To touch on this point, Jerome Powell just recently said this exact thing as one of his two trains of thoughts:To hold rates longer, and put some weight on it OR to jump up it quicker and hit it down hard faster. 

And give more weight to a business owner providing you a suggestion rather than just some broker saying "I can do it".  

If you can mange to get even a little of his advisory time; it's worth it's weight in gold. 

Here's a snippet from our starter course on becoming a Local Real Estate Developer and it will help you understand where the value comes into a development project to see how to weight the equity and deal terms based on the experience of the partners in the deal. 

Otherwise it should 10-12% (it depends but if you add the leasing fee and weight it across 36 months then it will be more accurate than the flat fee)I'm not seeing 100-150$ per month for maintenance and I'm not seeing any similar amounts for capex reserve.Don't pay for utilities unless you have to for some reason.PP: 241kClosing costs: 3% is ~7.25k1-month vacancy: 1.8kLeasing fee: 1.8kImprovements: 5kAre you all-in for around 257k?

The weight of my failures bore heavily upon me, casting a shadow over every aspect of my life.In the midst of my darkest moments, when it felt like I was drowning in despair, I found myself at a crossroads, teetering on the brink of surrender.

I do both real estate and stocks but my portfolio is heavily weighted towards real estate.