Newbie Trying understand Buy-and-Hold Investor Criteria...Help!

[Taylor Jacobs]

I work as part of the acquisitions team for a local real estate and development company and I am trying to get a better understanding of the various criteria buy-and-hold investors consider when looking at deals. I know about cap rate and have been told anything above 5.5% cap rate is considered a good deal if you can find one inside Denver, but what other criteria would you all suggest looking at when analyzing a deal?