Offer prices for buy and hold single family rentals

[Michael Kotylo]

We all know retail prices are high, what criteria are you using when writing and presenting offers on single family homes? Currently I'm finding the number that will cash flow $1 after mortgage and variable expenses and making that my highest and best offer. Starting with what will cash flow $100. For contrast, I'm finding most list prices negatively cash flowing around -$180/mo. Maybe I should be starting with the number that cash flows $200/mo and ending at the number that cash flows $100/mo. Interested to hear what everyone else is doing.