Advice Needed - What would you consider good net cash flow?

[Christopher Golden]

Hey everyone,

I have been digging around here for a few months now and am extremely greatful for the amount of information available. I am looking to start investing in rental properties, both single family and small multi's, using the BRRRR method. I live in New Hampshire and am looking for some advice from people much more knowledgeable than I am.

I have been looking for my first property and have come across what I believe is a few deals that seem to look good. The prices reflect condition, the rehab costs have been manageable, and the ARV's that I have come up with are on par with the market, i think. I am no expert, but I can make reasonable comparisons on properties. So, on paper, I have found a few properties that I estimate to cash flow between $100 and $300 net a month. This, of course being very generous with maintenance and management costs.

  My question is, when I'm analyzing properties, what should I be seeing for cash flow on a single family, or a multi, after all expenses, that make it a good deal?  I hear people mention $100 - $200 per unit is good cash flow.  Should I see different numbers on single family versus multi family?  

I'm really interested in hearing everyone's ideas and opinions on what constitutes good cash flow?  Thanks in advance!