These standards are specific to you and must be consistent with your wealth vision, mission, values and asset type.Specific investment criteria may include:•Minimum appreciation•Minimum rate of return•Minimum cash flow or cash on cash return•Price range•Maximum amount of investment•Location of investmentOnce your investment criteria is established, you can use it as the key part of your system to identify the right investments for your wealth strategy.Here’s a sample of search criteria (must have):Purchase price should be between $60,000-$150,000Neighborhood should be a solid B-/C+ (Working Class)I want minimum 200+ monthly cash flow or 100/door after ALL expensesRent 1% or more of ARV10-12%+ CoC ROISchools above 6 ratingTenants pays all utilitiesIdeally (or more flexible criteria):I will buy with cash and want to refinance with 25-30% down after rehabBuilt after 1985.When possible, I want to purchase multifamily units (2-4, max 8)I want to spend less than $3,000 on inspections and closing costsI want to spend less than $10,000 in initial repairs and rehabValues we use in our calculations:5.5% interest rate, 30 years10% vacancy6% repairs and maintenance6% capital expenditures10% management fees2% annual income growth2% annual appreciation growth2% annual expenses growth6% sales expensesUse It or Lose ItThis system (as with all systems) is only successful when it is used properly and consistently.

I am in Mission Viejo and can meet at a Starbucks.I am looking for my next purchase at the court house steps, while I am working on a few more.

Could help you avoid more headaches down the road to approach this as a fact-finding mission instead of as a "chasing repair damages money" mission.

I will definitely use this in my mission moving forward.

Also ask yourself what's your mission in owning these properties, and I bet deep down the reason has to be more than "make lots of money" because there are many other ways to make money.

I literally saw a Tesla cyber truck driving on Mission St. in San Francisco last week.

I'm about to sign on a new tenant for the 550 sq ft office space in the basement of my Mission District triplex.

I added Space Coast Mission Control, and am now working on naming a third house.  

Investment Info:Single-family residence fix & flip investment in Mission Viejo.

That involves an aligned mission, vision and purpose.