What is your cash flow target for SFRs?

[Aaron McKenzie]

Hello everyone! I have a quick question I’m curious what everyone thinks. With my rentals I set aside 5% for vacancy, $100 for maintenance, and $50 for property management (I self manage, but this is just to cover my overheard). After all of these expenses and PITI, I usually shoot for deals that will net me a cash flow of at least $200 per month. It has been getting increasingly difficult to find good deals in St. Louis that will hit this number, even from local wholesalers. However, I can find deals that will make $100-$200 in cash flow all day. My question is - would it be foolish to reduce my cash flow target so I can buy more deals? One other thing worth mentioning is that I use a line of credit to buy the house, I then fix it up and refinance once it is rented. (BRRRR) So I am growing my portfolio WITHOUT using any of my own money. Is $100-$200 in cashflow worth it?? :-)