50% Rule vs 2% Rule? What do you prefer and why?

[Trevor Morgan]

What do you use or prefer and why?

I am just learning about them both and Do not know which one I should use or if not both?

[Aaron K.]

They are both junk in my opinion because people try to apply them nationally even though expenses vary wildly from market to market, analyze properties individually, and you will soon come to your own rules of thumb for your area.  That way you can take all your local context into account and be able to take on some properties that others overlook because they follow a strict rule.