For what its worth most deals I deem meeting minimal IRR standards is 13-15% but you have to dig a little deeper to uncover the real placements of cashflows and capitalization events... and then dig even deeper to verify the assumptions such as occupancy, rent increases per year, and what reversion cap rate was used.Again I don't look for IRR cause its manipulated a lot instead I look at total return on a 5 year basis.

@Karen Margrave - I'll dig a little deeper.

If a property clears these hurdles, I’ll then start to dig a little deeper

If a property clears these hurdles, I’ll then start to dig a little deeper

I believ somwhere in the middle maybe sounds about right(again have to dig a bit more to see what the area is like) but riverpark area seems like a prime location.

Anyway, I narrow my search and dig a little deeper on ARV, rental rates, etc. 

Luckily the landlady on the other side was very cooperative and sent a plumber who fixed it from my side since my wall was open.You also buy a relationship with the neighbor so it's a good idea to dig a bit and figured them out...I didn't btw but seem to have been lucky this time around.

Rarely have I had a tenant this late not fall behind and dig a hole they can’t get out of.

Possible investment opportunity with mold so my question is what are your thoughts when looking at an possible investment with mold Stay away or dig a little deeper.

If a property clears these hurdles, I’ll then start to dig a little deeper.And the 1 percent rule doesn't really apply here.