What kind of COC is ideal for small MFRs?

[JT Spangler]

Title pretty well covers it. While I wait on a few offers to be responded to, I continue to hunt deals. I've seen a few duplexes and triplexes that have what seems to be decent cash flow, but at a higher entry price. I'm wondering what you guys set as your minimum COC return for a small MF, and whether there are extenuating circumstances (if the place has recently been remodeled, or is in a hotter area).