What is your criteria for classifying a deal?

[Keith Jablonowski]

I see a lot of advice about how it's not important to hit a home run with every deal. String after string of single and double deals with score lots of runs and success over time.

In terms of cap rate and COC return on a a particular deal (considering the market you invest in and your goals) what ranges would you classify as an single, double, home fun or strike out (hopefully avoiding these completely).

I know some investors are happy with a 6% cap rate while others won't touch a deal unless they think they can do 10% or higher so if you want to qualify why you set your range how you do that would be great too.