Does the "2% rule" still exist in non-high-risk neighborhoods?

[Dori Arazi]

Hi Everyone, 

I'm new to this forum, pleasure to join. I currently hold 2 properties in California and am looking in the South East and Mid West to expand the portfolio. 

Sorry for the relatively rookie question, but these days I'm having a hard time maintaining a 1% rule, not to mention 2. What kind of cash on cash returns would you consider a rational target? I am currently gravitating to the Nashville sub-county area. 

[Russell Brazil]

I would consider anything that hits the 2% rule or even close to be a very high risk property