Of course it has been covered that the 2% rule is somewhat area dependent, So wanting to discuss my area "Nashville TN" Specifically but may be a question others can benefit from.I seem to have no problem meeting the 2% rule but the houses are low cost, very low income, and not really desirable locations.

2 bedroom houses are hot right now out by me.

Im really hoping that their winterizing company did a good job because it has been a brutal winter here and there is oil burning furnace and hot water baseboard heat. 

I'm not disagreeing with what you're saying, but If I flipped one house quick because my market is very hot right now, I could make enough to carry me another seven months.

I wish some of what was said above was made clear to the many newbie  posters looking for hot Florida markets  and think they can just  grab a property manager, set it on autopilot,  and make the mega bucks without much risk.

Landlords often to want to say HOT MARKET let's keep raising those rents up,up,up.You really have to think very carefully about the decision,how much you raise by, and when.

I believe it's called hot mud, and we call for that guy all the time. 

DFW area is hot for rentals right now by the way. 

My mountain home needed to be completely refurnished plus we added a hot tub (a must for cabin rental) which came with reinforcing the deck, so to get it Airbnb ready it was about $10,000. 

For example, as a "condo" unit owner, you may be responsible for maintaining the hot water heater or the carpet in your unit if it wears out or just needs to be replaced, but "not" responsible for insuring it if it burns up in a fire.