Possible to Achieve 2% Rule in Tampa Area - Buy and Hold?

[Lakeisha Black]

I am looking for a buy and hold - either 3 bd or 2 bd SFR in Tampa. As I screen these properties by researching the rents on rentometer and padmapper, I find it is getting harder and harder to find a property close to the 2% rule. I am hoping someone can tell me what I am I missing. For example, if I find a 55K house, should I expect to put a significant amount of rehab? Or perhaps I should settle that if I purchase a house a house for 70k with little rehab then not expect 2%. I have been looking in different areas of Tampa and even looking in Brandon. Any advice would be greatly appreciated. I just need to understand if I need to adjust my screening process and expectations.

Thanks for the help.

Lakeisha