figuiring out rent percentage.

[Julia Geiger]

Hello everyone, 

I have recently moved out of Ohio and made my way to Florida.However, I am still trying to sell my home in Ohio. So without any luck and the holidays around the corner we are considering renting out our current home so we can buy a home here in Florida. Also so we don't lose our behinds on the house in Ohio. I was trying to use the rental calculator here on BiggerPockets. I here Josh and Brandon always talking about oh your rental rate or whatever they call it is 1 or 2 %. I am having a hard time understanding how they come to that number. I know this may sound dumb but any tips or tricks on how to figure that out would be great! It seems like the rental calculator is more on a current purchase where we have had our home for 2 years. That could be what's throwing me off. Just some basic numbers. Our mortgage is $1300 and I would like to atleast break even or try and make a couple hundred bucks a month on it. But really just trying to get by until maybe summer or something when the sales market might be better. Thanks so much guys!