Just placed a new tenant in a 4 BR 1 Bath. Beating the 2% rule

[Nathan Waters]

I invest in Joliet IL which is a somewhat low income area of older homes. I bought this house for 40K, put 20K into it and brought it up to our standards for a rental. We have a new tenant moving in within a week. The renovation took about 2 months because the holidays slowed us down a bit. But all in all, I'm really excited. We are getting $1400 a month. Ready for the next deal.