My LTRs average 32% but my STRs average 22% even with the theft factor of replacing toasters, silverware, coffee makers, blankets, pillows, chaise lounges, lightbulbs,hair dryers, etc... 

I've heard there is now FHA 0% down for 104% of appraised value ... not saying I would necessarily make a blanket suggestion for this product, but will say that where there is a will there's a way, and you retain control over your investment locally while you don't out of state, which dramatically jacks up your risk out of state, especially for a newbie without scale or experience.

I disagree very strongly with blanket statements saying Milwaukee and Madison are the worst cities to invest in and that you should stay away.

They can borrow (HELOC) style on multiple properties in a combined/blanket loan to easily access cash for another purchase. 

The better way to think of it is that you will have to buy better deals or create more value so that your cashflow will be same or better than prior.Plus portfolio/commercial loans can package multiple loans together too so you can do 5 BRRR's at one time and cash out refinance as soon as you get a lease agreement with a "blanket," loan that ties together 5 trust deeds/properties into one mortgage.

Could you find a lender who can do a blanket mortgage with your existing properties, and this new portfolio?

The "D" rating is a blanket statement and yes, the schools are 3/10 but it's not a war zone. 

Shades or blinds should be used, not blankets.

Have you looked into blanket loans? 

Even though It may not meet your definition of "rich" at this point in my life it is working for me and I am getting an education in my choice to build wealth.If you cannot add any constructive advice or give examples of what you mean, then stop with your blanket statements.I am not trying in any way to discount your right to your opinion, its just we need more information behind it.