What’s a good cash on cash return

[John Ferguson]

Hey everyone, I'm a super rookie in real estate investing. I've been house hacking my first property for the past 3 years and I'm finally in the process of fully renting that out. Now I have my eyes set on short term rentals and I'm trying to figure out how best to approach it. Right now I mainly want to learn the underwriting process and what a good cash on cash return is for STR in todays market. If anyone could provide some insight on that or suggest some resources I could use I would greatly appreciate it.