2% Rule Possible for Multifamily with commercial financing?

[John B.]

Ive listened to the first 50 episodes of BP and a It seems investors shoot for the 2% rule. Ive been looking at commercial multifamily (5-15) units and it seems the majority of them barely or just best the 1% rule. Is it impossible to find 2% in 2019? It seems with 50% maintenance rule of thumb the 1% apartments don't even make sense for me cash flow wise. Anyone have any tips for me, I live in South Florida where prices are getting high.

[Wayne Brooks]

You won’t....that 2% is/was in rust belt cities mostly...not even sure it exists in even C neighborhoods.  But realize, in those markets there is essentially no appreciation, which is big chunk of your return here.