Does any body get 2% return from rental property

[Quan Nguyen]

I read the guide for first time investor and the rule of thumb for return on renting is 2% which mean if my property is 100 then my monthly return is 2k. I personal think this number is way too out of reach anywhere in this country. I am living in southern california and you get 2k for property that worth 400-450k. Any idea??