The 2% rule may work on paper and spreadsheets, HOWEVER, if you are in a c class or lower area surrounded by even lower-end properties, that 'extra' cash flow can evaporate with lower quality tenants, more repairs, higher turnover, slow or no-pay occupants, etc.The trick is to get a deal where you have a good neighborhood, good schools, pay a reasonable price, and make sure you can 'value-add' to boost your returns.

When I don't boost I get a ton of messages.

I've always tried to find ways to boost my income, meaning I've tried a couple of multilevel marketing ventures (which failed...). 

Goal now is to complete touch up work by the end of this month, have an appraiser come by, hopefully get enough of a boost in equity to use a heloc for the next purchase! 

We should instead work together to build a solution that ensures the moral support needed to get to a better place in life.I think the way the whole organization is structured will also provide another sense of accountability towards each other.Create a “Flip to Own” plan that lets future tenants be more involved with the initial renovation between occupants.Create a transparent “Monthly Operation Payment” that includes:An investment buy in (market value amortized over 30 years @ current market rate + .3%).Taxes & insurance (will also need renters insurance).Utilities (goal is to have a history of avgs, but will be paid as billed).Any cost associated with labor support for “Property Stewardship Guide” (basic cleaning and lawn care).Repairs and Maintenance budget (.1% market value, any expense related to maintaining current market value/ rent ready condition).Capital Expenditures- Major repair budget (.1% market value, any expense related to increasing market value and capital expenditures).Good neighbor assistance dues (.1% market value, covers accounting costs and assistance access).Create an app that makes monthly property management an easy habit.Pull information from Property Stewardship GuideIt keeps track of all the costs that determine the monthly payment, including utilities.It has a checklist of that months maintenance tasks, based on the standards of the GNA, that ensures the most effective life of the property.Have a portal to submit rent payments, using paypal or similar services.Build in an option to apply employee wages from the GNA as rent payments.Have a profile page with all the important dates and documents.Leverage these managing residents to build a coalition of labor support for the rest of the properties under the GNA umbrella.If they are all employees of the GNA non profit, then we can distribute benefits including healthcare, retirement savings, etc.Create a rolling pay scale:Offer work in exchange for equity ownership in other projects.When the current managing resident is ready to move, they can either cash out remaining repair budgets and equity, or leave their equity in and share the profits with GNA equal to their equity share.The managing resident will partner in the process of getting the house back to full market standards.Use the stockpiled repair budgets to fix their respective categories.Use built up equity if repair budgets don’t cover that cost.The remaining repair budgets will be applied as a direct principal payment.If the managing resident wants to cash out, then the GNA will buy back the property at the current market price.Both parties will pay their traditional closing costs if applicable.If the managing resident wants to remain an equity partner, then the title is changed to reflect that business relationship, and the managing resident receives monthly payments equal to their share of rental profits or interest payments of the next resident.Previous managing residents must create and manage their own LLC.If the previous resident has more than 50% ownership in the property, then they are in charge of managing the property.The monthly payment for the previous residents equity will be equal to their percentage of ownership times either the interest earned from the next resident’s purchase, or from the profits if it is run as a traditional rental.

https://www.prnewswire.com/news-releases/the-silver-tsunami-and-the-coming-boom-of-available-homes-300964339.htmlHeadlines include:Baby Boomers are set to leave their homes at record levels in the coming years, freeing inventory in what has been an increasingly tight market since the economic recovery began- Housing released by aging Boomers will provide a substantial and sustained boost to supply, comparable to new home construction experienced in the 2000s boom-bust cycle.- Within two decades, more than a quarter of currently owner-occupied homes will become available.- In some traditional retirement communities, including in Arizona and Florida, that number could reach nearly two-thirds.

Single family get's a major boost, suburban apartments, especially townhome style with green space, will do just fine.Now, here is the one thing that could derail this: Foreclosures. 

My wife and I have done it 3 times moving from duplex to duplex and it's been a huge boost to our financial situation. 

People, businesses, and government will have extra money in their pocket and they'll spend it like drunken sailors to give our economy a false boost.

Many brokers will not do this when calculating NOI as it will boost the income and value of the property but the lender and appraiser will calculate CapEx reserves as part of the operating costs to determine DSCT and NOI.