The 2% rule is a rule of thumb,not a replacement for real number crunching and my not fit many strategies and markets.

So it's not an all size fits one, especially when you start having multiple rentals in different types of neighborhoods. 

@Lenin Belangonda PM me here on BP or better yet email me at [removed email address] I'd be happy to tell you what's what from my perspective and I'll also tell you that you should factor in about 10% for good property management from the beginning and then find someone that fits your style for about 10%.

Those would fit with the modern feel, as well as attract eager buyers. 

Juliano, i believe that everyone has an ideal vocation and career that naturally fits with their gifts and talents.  

There's a lot of excellent information on here, and everyone seems to be eager to share their experiences.I'm new to REI, but very eager to build an out of state rental portfolio (out of state because I'm priced out of Cali). 

If you have access to $30k homes, can afford the costs of renovation and the costs of the resale while remaining profitable you're only a "friends and family round" away from being in business.This is a sum of money that banks are just not going to write short term debt on without excellent credit and collateral.

However, after 37 years in the oil and gas industry, I have reached that stage in life when I would like to do what I want to do, and not what I have to do, enjoy my family more, as well as have the freedom to leave a job, and start doing something different.There are different ways to invest in Real Estate, and I have to learn what better fits me at this time in my life and my finances.

I suggest you do what fits you best in order to succeed maximally.

But, this doesn't seem to fit the typical wholesale situation either (buyers aren't compelled to buy that one property out of some external condition).So, it's still not clear to me that buying at $X and selling at $Y is against the law, even for a mark-up of 10%, 20% or more.