Property Analysis Metrics

[Jemima Twist]

Hello friends

New hopeful investor here. I live in BC, Canada but I think, after researching and reading lots that I am going to try and find a SFH in Alberta or Saskatchewan (looking at Edmonton and Saskatoon currently) - those look potentially promising. (although after reading through the forums and diving deep in the google machine it is hard not to consider every market, suffering from newbie shiny object syndrome for sure!) Thank you all for the insightful posts and feedback from the real world, super grateful to learn from your experiences. I'm starting to crunch numbers and take action..my question:

 Are there any metrics that are an absolute must for you? 

-cashflow - min. $100 per door (positive cashflow seems to be most inportant to me)

CAP rate - min. 4%

50% rule expenses - i was using the 50% rule but have seen others only using 40% which obviously has improved some of my analysis

1% rule - this has been extremely challenging to find in BC, Canada for me currently but i will keep looking.

Cash on Cash - 10% 

minimum ROI - 12%

 Would i feel safe living there/in that area?

would i be willing to live there?
bonus revenue generating feature (suite potential, large lot, garage etc)

I have only found 1 property that appeared to hit all these numbers so far, so just wondering if i can maybe look to be a bit leniant on any of the metrics. Please let me know if you have any feedback

I don't own any properties yet - but i did design and build (with help! :) a tiny house i have been living in off grid for 3 years in beautiful BC, a major house hack especially in our hot rental markets! if anyone is looking to build one, curious or looking for motivation to pull the trigger on building one, feel free to message me, I'd be happy to share my learnings.

enjoy the holidays and happy deal hunting :)