My minimum criteria is $100 per month cash flow, and a cash on cash return of 10% annually.  

The units are of very different sizes (2/1.5, 1/1, and a studio) so I'd need to make these proportionate in some way.

We are establishing an LLC and a partner agreement, so we are all good there.

Set aside for Cap Ex expenses and a reserve to support rental loss. 

Brand new to REI and in the process of just acquiring knowledge before diving in anywhere.Since I live in the SF Bay market craziness, I'm looking into opportunities out of the area.I know Austin has been a hot market recently, and as such may not have much available (in the cash flow sense), but I'll be visiting there next week and curious if it's worth reaching out to a realtor there to take a look around.I figure when I'm ready, I'll probably look to buy-and-hold a single family or multi family that starts with cash flow.  

And a prime example is Pittsburgh, coming from a Steel town to a tech town is a major transformation. 

And as bad as Harvey was, it was nothing relative to how Katrina impacted NOLA.The banks are falling all over themselves trying to be the good guys.

When we started a year ago and a half ago, we were told to structure our business as an LLC and elect to have it taxed as an S-Corp.

My partners and I are in contract to sell a small vacant lot in Philadelphia for $35,000, which we bought a year and a half ago for $20,000.  

Also have specific questions and a direction that you are going.