That is a huge weight off my shoulders. 

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

Keep in mind you are responsible for the utilities, internet, upkeep of furniture, bed sheets, etc.

Get your income up, keep the DTI low, and resist the urge to go chasing after cheap doors in smaller Midwest markets. 

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

To handle daily operations, tenant selection, upkeep, and rent collection, think about working with a property management business.

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".  

You'll also want to ensure you have a good property manager to look after the upkeep of the property if you are not there to notice anything deteriorating or which may need attention.Creating an LLC in California could cost you a minimum tax of $800 every year.