What cash flow returns does you guys look for?

[Patrick Young]

Hey Everyone! I'm working on getting educated and analyzing as many deals as I can as I'm trying to nail down which market I want to get into in the Raleigh area. I'm curious what cash flow requirements you have for your properties in order to pursue the deal. What I've seen so far is the better deals on the Zillow, Realtor.com, etc are looking like they cash flow $130-170/month for both single and multi family. I'm looking in the $60-100k range. I've seen the $200/month number thrown around a few times, is that what you generally shoot for? I guess if you are able to offer and end up for around a 10-20% discount that would help your cash flow increase as well. I'm interested to hear what y'all think, especially anyone in Raleigh/Durham or Fayetteville!