The gross multiplier???

[Minna Reid]

if I said that right... The monthly rent needs to be at least 1% the purchase price - am I hearing this right? I'm shopping rentals with this factor, but I already have one that has become a nightmare, and I'm in the process of evicting to sell, because it is just not worthwhile. I'm not at 1% with that one. Am I understanding correctly that this is at least the desirable minimum GPM...(GM) ..whatever??