Can SFRs really meet the 2% Rule?

[Ben Kiekel]

Hi everyone,

After doing lots of looking around in and around my area, it seems like getting 2%/month for rent is quite ambitious.

As I understand it, the rule/guideline basically suggests that if you spend $100k on a property, you should be getting $2k/month. I'm also assuming that any rehabs are included in the $100k for this valuation.

Are you guys really finding these deals? The problem I'm running into is that the cheaper properties that might get better percentages will require more upkeep (they're a reason they're selling cheap!) So I'm having some trouble believing that 2% is realistic; I'd love to hear what you all think about this.

Also, I'm new to the forum, so if this has been discussed somewhere else feel free to point me in that direction.

Ben