2% Rule in Richmond, VA. Is it accurate?

[Tim Boylan]

I have a house under contract to be a rental but my 2% rule calculation barely breaks 1%. Is the 2% rule feasible in RVA or should I find a different home to invest in?

[Stephen Glover]

@Tim Boylan exactly.  Focusing on a "rule" usually leaves investors in the analysis phase.  If you are showing appropriate amount of cashflow after expenses and it's an asset that will bring you closer to your goals, it's likely a good buy.  Just do your diligence! Congratulations on a good find.