Cash on cash return - what do investors look for in Michigan?

[Bryenne Korte]

Hi All! I was listening to one of the Bigger Pockets podcasts this morning and Brandon mentioned that he looks for at least 12% cash on cash return on his deals, but that this percentage can be different depending on your area/market. I'm curious what other investors in Michigan are generally looking for as far as cash on cash return? I'm looking for deals in the Greater Grand Rapids area. Thanks!