Part 3/8:
The One Percent Rule serves as a preliminary filter. It suggests that the monthly gross rent should be at least one percent of the property's total purchase price. For instance, if a property costs $150,000, the rent should ideally be $1,500 or more. If a property fails to meet this threshold, Sean advises moving on to other opportunities. He acknowledges that certain markets, like the Bay Area, may not frequently meet this criterion and shares his preference for investing in other regions, such as Jacksonville, where better returns can typically be found.