I am also new to investing but from what I understand the 2% rule and 50% rule are more of "guidelines" and don't work in every market.Here is a good post about crunching the numbers.Rental Property Numbers so Easy You Can Calculate Them on a Napkin

I know the Sac market is hot right now, which is why most of the numbers I'm crunching aren't really green in my analysis: I'm looking for 10%+ CoC and CF of $300+. 

It's always great to bounce the numbers off people who've been there so I appreciate the offers to help crunch them. 

Once this houses sell we will be good but with that cash currently tied up, we are running into a cash flow crunch.

Yep, same thing here with the security guards in the 80's....lol.In a number crunch of 300 cities using 10 metrics ranging from home prices to tax rates to vacancy levels, WalletHub determined that Montgomery, Alabama, was the nation’s most affordable city for homebuyers.

You sound like you're ready to try to crunch the numbers and make sure they work for you. 

Lucas Carl On the PMI part, it might be worth getting rid of that, you will want to crunch the numbers.

Be sure to do your due-diligence and crunch those numbers a few times before taking the plunge.

Would probably take a fair bit of number crunching to calculate though.

If you're able to do that, then perhaps the $$$ may be worth it.Thanks for bringing this up Eric.I feel like everyone overlooks the fact that if you can't efficiently talk with someone over the phone then you are never going to get results.At the end of the day, you can crunch numbers like a math whiz but if you cannot communicate with others then you are dead in the water.