I also have the added bonus of getting lot rent out of it so the return goes through the roof.If you have taken into account all your recurring costs as well as your "escrow" items such as furnace, roof, flooring replacement, YOUR TIME and effort, and you still net $250/month cash flow, that is a pretty good return. 

I've linked to a biased, but pretty informative story from Brookings Institution.https://www.brookings.edu/research/no-dodd-frank-w...

Unless this job includes a ton of transitions, needs massive floor leveling, or has a million tiny corners he'll have to custom cut, then $1900 is pretty darn high. 

Casey,I currently own a MFH in the 92102 area and am pretty familiar with market rents.

@Brandon Handel I own several rentals that have asbestos siding and it is pretty common in my market.

I haven't bought any homes on Auction.com but am pretty confident in the over all elements within the site.

With Whole Foods and Starbucks they usually open in neighborhoods that are already pretty decent , I’d say with Whole Foods especially .

I paid rent late pretty often too in my 10 years of renting before home ownership and now investor isn low income sfhs.

That's like saying the criteria for your next car must be pretty, and starts when I turn the key.What is the criteria for a good deal. 

I also read lots of books, pretty much all the BP published books and some other highly suggested ones.