BRRRR in Charlotte, NC

[Balakrishnan R Pillai]

Hi all, I am a new RE Investor in Charlotte. Just wanted to get thoughts from some of you who know this market well. Is BRRRR possible in Charlotte? I have been looking at properties for the last few days. I am using the 1% rule as a filter before I look any further. (Rent should be GREATER THAN 1% of the Property Price + Rehab costs + Other costs). So basically Rent > 1% of Final cost of the house. Not able to find ANYTHING. What am I doing wrong?