String after string of single and double deals with score lots of runs and success over time.In terms of cap rate and COC return on a a particular deal (considering the market you invest in and your goals) what ranges would you classify as an single, double, home fun or strike out (hopefully avoiding these completely).I know some investors are happy with a 6% cap rate while others won't touch a deal unless they think they can do 10% or higher so if you want to qualify why you set your range how you do that would be great too.

If I were you I would strike for something big.

Bigger Pockets strikes again.

If he calls balls & strikes he'll hit it for functional obsolescence because it offers limited utility with no potential value add.

He had just retired from United after a long career working his way up from engineer to co pilot to capitan on ( at the time state of the art 747 400 )  and we were talking about the strikes that would happen in the airlines.. so the pilots who are totally pro union ( most of them anyway)  ALPA is super strong .. 

How do I strike the right balance? 

I'd like to strike up a relationship with a lender such that I'd be "pre-approved" up to an agreed upon limit (perhaps, something like $200,000 to get started).  

someone once asked him  if striking out upset him. he said " no, because it puts me one step closer to the next home run". forget the nay sayers. i started out with $2000 and a dream. i own and  have owned several houses along the way. i have more than $2000 now and still own the first house i bought. you just have to get out there and do it. learn along along the way, do what you can and learn what you don't know. just do it. 

@Randy Philpot Not to pile on, but this strikes a nerve with me.

However, if you can save that much extra per month, you will have plenty if disaster strikes.