Investment in Prescott, Arizona
Hi. We have the opportunity to buy four single family homes in Prescott, Arizona that are currently cash flowing. At a price of $525 for all four and $4800/mo in rent it misses the 2% rule. My parents live in Prescott, Arizona and it seems to be an area that has continued to boom, has low vacancy rates, and a bit of a shortage of rentals. I'd love to know if anyone else is looking at this area or has invested in this area and what your thoughts are on the market and 2% rule.
-Danielle