Analyzing properties / am I looking for $300 cash flow?

[Alex Kovalenko]

Hey can you someone help me with analyzing properties? ;) Like I understand we buy a house , then do a reno , then rent it out.. 

Where we are - they do not have dirt cheap houses, but what we have is houses around $250k-$350k USD built about 50-100 years ago, they rent for around $2k USD a month.. We also have condos around $250k-$350k USD that are a newer (10-50 years) that get about the same rent.. Am I looking for $300 positive cash flow a month? Is that a good deal?