And in the low C-class segment, we know we're among the most vulnerable landlords to this sort of income interruption from our tenants.I'll be going with Option No. 1 with multiple options when it happens to us, allowing a month of missed rent and giving the tenant the option to prorate the rent over the rest of the year, over six months, over three.

Thats before getting into even any other segments. 

I picked a market segment that fit my personality and wrote a basic business plan on how I was going to work my plan.

Small towns may rely too heavily on a single business or market segment.

.** Small towns may rely too much on a single company or market segment.

I wondered about that LLC segmentation tactic as well but deleted it from my list of predictions because I didn't want to give Her Commisionerness any freebies when she googles her name tonight and reads this discussion. 

“Millennials are the fastest-growing segment of homebuyers, accounting for 37 percent of the overall U.S. housing market.”Google millennials and home buying and you’ll see that millennials are the largest demographic buying right now.

Choose a location based on factors including:Rents increased faster than inflation.State and city populations increasing.Metro population > 1M.Low crime.Low operating costs.Tenant SegmentAfter selecting a location, choose a tenant segment with a high concentration of reliable tenants (by interviewing multiple local property managers).

Doesn't The E-Myth Revisited have a segment on defining roles for partners?

Yea one thought I had is that the rental market would be stable to even better, because the higher rates would move a segment of the population from affordable to not (i.e. have to rent) - but perhaps that gets cancelled out by lower house prices.