Buy and hold in Austin TX and the 50% rule and 2% rule

[Judit B.]

Hello,

I am curious, has anyone been able to buy rental property in Austin TX in a decent area of town that would meet the 50% rule and especially the 2% rule? I am finding it very hard to get properties that meet even the 1% in areas I am not afraid to go to. I am looking to buy for long term, buy and hold. I am finding that even fixer uppers, after spending money on fixing, will not meet this criteria, or at least I have not been able to find any. Almost everything that is worth buying sells in hours with multiple offers. Curious if others have found this to be different in the Austin area.

Thank you

BL