We look to achieve high teens.

Even with average vacancy in the mid- high teens city wide I’m well below 2% for the last decade.

With him were two very attractive young ladies, still in their teens (maybe younger).

Many investor achieve IRRs in the mid teens investing passively with others; so, active real estate returns should be much higher.Total REI returns include monthly cash flow, appreciation, principal reduction, and tax benefits.

I'm talking about the total cost of REI (price + the cost of debt).Many investors are buying and have mid teens for return requirements for passive investments and mid twenties and above for active investments.

Most have IRR project returns in middle teens.

@Akpedje Akoussah, I like to see $150-200/unit/month and a CoC ROI in the mid teens or better.

Besides always being fascinated by music, I was lucky enough to grow up in an environment that encouraged the entrepreneurial mindset and was gifted Rich Dad books, as well as played their 'Cashflow' game in my teens. 

If you're investing in class-A properties in HCOL areas, you may never get close to that ROI.As a general rule, I like to see $150-200/unit/month with CoC ROI in the mid teens or better.

I can understand why you miss your mountains, I spent some summers in AZ back when I was teen.