Landlords: What CAP Rate do you look for when you buy propertie

[Toris Diggs]

To any of the landlords on here. Lately I've been getting offers from sellers with rental units. Now I know how to do the numbers and figure out the CAP RATE and the COC but what Cap rate or COC do you look for when your purchasing a cashflow rental unit. What Cap Rate do you look for when you purchase properties ?  2%, 5%, 10%, etc?  Let me know everything that needs to take place of what do you need the numbers to be to make you want to buy a cashflow property and also Timeframe I know that's a factor as well for how soon you expect to make your investment back for it to be a go or a good deal.  And I need actual time lengths like 3yr, 5, 10yr, 15yrs etc.   What Timeframe do you look for to make your money back?  Not just the sooner the better I need to know realistic timeframes when I'm talking to sellers so that I'll know if its a good deal or not.