Buy and Hold. What do you look for?

[Bahman Ghashghaei]

If you are looking for buy and hold, what criteria are you looking for? I just came across an investor who said anything less than 100$/sqft, he would be interested in. I have a few for him. (I am an agent)

What are you looking for in Buy and Hold? Also, if you are thinking of investing in Sacramento area, I have a few to show you.

[Cal C.]

I look for something that will cash flow after a 75% LTV mortgage 20 year mortgage. I also look to make 15% or greater cash on cash with an additional 5% or so coming from principal paid down.

It has to be stable or growing area.  Someplace that I wouldn't be afraid to walk around during the day.  

It needs to have some potential for appreciation.  

It doesn't have anything that would turn a renter off.  Such as a RR track in the backyard (I have one of those already).  

That is just a broad brush.