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Updated over 2 years ago,
Could find any property that can pass 2% rule and 50% rule?
I have been looking for properties for months now, I am new starter, I am looking, at Dallas, Charlotte, Columbus, Atlanta and Denver. As I am remote worker, I will move to any place where I find good rental property, I can use one room and rent others. I am filtering properties based 2% or 50% rules, looked at hundreds property, unortunately I couldn't find a single one that pass, the rules. Looking their mortgage and possible rental income, in most of them , you can see the rental income is almost same as mortgage. I am wondering, with the current housing market, is house hack or rental business is dead. I wonder, who is buying rental property while the rent can barely make the mortgage. Am I missing something, or this market is crazy and it is not good time to go to rental business.