Metrics for the Ideal Deal

[Sean Smith]

Hey everyone, I'm interested in hearing how you analyze potential buy and hold properties. Everyone has their own set of goals, markets they operate in, and properties they feel comfortable purchasing. So I'm curious what YOU feel is the best way to analyze a deal. 

Most investors I've worked with tend to focus simply on cashflow without taking other data into consideration. I've found that many people don't factor in vacancy rates, capex, or other data.

Which metrics hold the biggest weight in making your purchasing decision? Is it simply IRR? Cash on cash? Cashflow? A mix of many?