Anticipated ROI for Turnkey Properties

[Marc Glass]

Hello,

I am a fairly new wholesaler in the greater Chicago area. I presently have two properties in the negotiation stage that I should have contracts on in the next day or two. Both properties are rentals that are already tenanted and cash flowing well. On of the properties is in a B+ area and the other is in a C area. My question is this: For investors looking to purchase turnkey rental properties, what kind of cash on cash ROI are you looking for?