I know it is just a rule of thumb, but looking for our first property we are trying to stay conservative and are having trouble finding something that even approaches the 2% rule outside of the cities.I can't remember the last time I saw a listing at 2% in CT, MA, or NY.

I have been there for 18 years and have helped grow the business from $800K up to $1.4M  The owner doesn't need to go in, and I've been at a point for years where I also don't have to go in, its been that way for quite some time. 

Cashflowing properties are far and few between here in Canada, especially around the GTA ( greater Toronto Area)but i'm looking to getting into some deals as an investor and partner up in some joint ventures , as well as get some capital investors to help me in getting my journey growing as well .I still plan on investing in Canada unsing multiplexes and you never know also partnering up there as well.I'm currenly looking at deals in Ohio, Flordia, Arizona, Atlanta, Baltimore, I just need to get  started.

Remember - you are investing, so none of your risk can be totally eliminated. 

Though, given the zip code it's in, it has some room to grow.

@Patrick GerrityI think you are better off to try to grow it.

but I remember one condition of an investor would be they needed an X amount of net worth.. can't remember the number and very competent in investing.. 

Remember that you always have option to choose between actual expenses, but with prices of gas still low and mileage deduction still high @ $0.535 / mile mileage deduction will likely be more beneficial to you. 

If you expect to continue this gig beyond this year and grow your income - you should be in good shape.

It's been so long since I got quotes on mine, I don't remember.