Thus 2% rule is inversely correlated with anticipated appreciation?

I don't know how set you are on granite, but given your area, I would expect its not anticipated.

If the counter holds up, we will show a better offer than what I had anticipated.

Yeah, I am anticipating a lot of up selling and I plan on leaving the check book and debit card home :)

I have also been researching this topic in anticipation of making an investment.

Everyone thinks they are the one person who can see a coming crash....and some of the bears are bound to be right simply because they always predict a downturn, but they are wrong most of the time as the markets spend a much higher percentage of time going up than going down.Peter Lynch, one of the greatest investors of modern times though astutely pointed out that far more money has been lost by people trying to anticipate market corrections than has actually been lost in market corrections.

I recommend running your figures through a rental property calculator so that you understand the anticipated financial impact.  

I anticipate the remaining units will require $5-8,000 in rehab costs.

I would anticipate this matter to be rectified by 10am tomorrow.  

At this point, we anticipate all planned units will be upgraded and leased by the end of Q4 2017.