the 2% rule

[Mikey Cas]

Hey guys this is an excellent website. I enjoy reading and gaining valuable information on here. I have a question. I read on some posts about positive cash flow, net income, and the general 2% rule for gross incomes on property value. Many have said this takes much hard work to find these type properties unless it is a low income neighnorhood. I was wondering if it is "OK" to invest in a low income area. For me it is all I can afford as a beginner and the numbers seem to work out. I found a couple of properties that work out with the 2% rule with basically nothing down after expenses. Is this too risky investing in low income areas??? I am more into cashflow for now than speculating on appreciation anyway. Would it be foolish to invest in a low income neighborhood property even though it can generate some income???? I figure if I start now and accumulate a handful of properties in this area I can build up enough money to start looking for investments in more middle class desireable areas.