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Updated about 11 years ago,
Yet another 2% question!
Of course it has been covered that the 2% rule is somewhat area dependent, So wanting to discuss my area "Nashville TN" Specifically but may be a question others can benefit from.
I seem to have no problem meeting the 2% rule but the houses are low cost, very low income, and not really desirable locations. I do not foresee me enjoying being this type of landlord.
The nicer more stable neighborhoods with the standard 3 br. 2 baths 2% seems to be hard to come by. "Yes I know it isn't impossible" 1.5% does seem attainable fairly regularly.
My question for all of the landlords out there is which of the above 2 scenarios would you prefer. 2% and possibly volatile or less than 2% with "hopefully" less volatility.
Also any native to Nashville that may know more than me please feel free to chime in.