Help Me Solve Analysis Paralysis

[Joe Young]

Hey BP,

I have long been looking into Real Estate investing and even obtained my Real Estate license to help my wife and I on our investing journey.  I listen to the BP podcast regularly, analyze a couple of properties per week, and have saved up $100,000.  The only problem I seem to be having now is simply pulling the trigger.  This is mainly because I am unsure of what cap rate I should be looking to obtain, and how much monthly cash flow makes the deal worth it.   

Most of the properties I have analyzed are in B class areas, and I can't seem to reach a 10% cap rate no matter how many deals I analyze (I have previously been told that without a 10% cap rate I shouldn't close the deal, but I can only find that in C or D class areas), but I am seeing monthly cash flow on properties anywhere between $200 and $375 per month.  We were originally looking at condos, but HOAs have been destroying the deals, so we have now started analyzing single family homes between $180,000 and $250,000.  

My question is what cap rate are you willing to accept on a deal, and how much monthly cash flow gives you the green light?  Thank you for reading and I look forward to discussing.