In general it is going to be hard to find properties that meet the 2% rule...though they are out there in the cheaper condos in Temple Hills, Suitland, SE DC on the south/east side of the river.  

https://www.irs.gov/businesses/small-businesses-se...It is a bit tough reading, but the summary is, to be a RE professional you have to spend more time in RE business than other businesses or work (majority of your time) and have more than 750 hours a year in RE.  

For anyone looking to invest in the area, I think it is worth perusing the Houston SE Management District website and exploring their programs. http://houstonse.org/Since my personal goals involve using at least one unit as a vacation rental, and adding another baby to my family in the next 2 years, it is highly unlikely I will begin my REI adventure by moving into 3rd Ward.

Hi EveryoneI’m Ralph Scott, and my wife and I are currently making a migration from SE Wisconsin to the Hampton Roads area of Virginia.

Hey BP,My name is Nate and I live in SE Wisconsin with my wife and four kids.

Depending on how you are fund your flips, I would say anything north of the 30k mark in working capital will allow you to get in on flips in PG or SE DC markets. 

Hello Biggerpockets,

I'm Kevin and I've recently gotten really intrigued by the wealth growing power of real estate. I've been reading 3-4 books a week in my spare time to learn as much as I could about the business....

I know a few counties in SE FL where the going rate is $8k - 30k depending on location.

@Bryan Otteson- by the way i am not a 'wholesaler' per se. bigger pockets labeled me as such. i tried to changed and could not. i have to request a change and go thru a few a steps to get it changes and i haven't  done it yet.  

@Eric Kump I am a wholesaler in the S/E valley.