I know you said it was on the smaller end, so I'd say north of an 8% cash-on-cash is a good target (without knowing more info about your investment). 

This is very cheap to do and atleast in the Chicago north side market will increase rents $100-200 per unit which adds up 2) HVAC not sure if any of the buildings are on boiler systems but by switching to individual tenant paid furnaces will greatly increase NOI 3) Shop property management.

@Steve Moskovits  I got this from Williams and Williams @Michael Picher It is in Newport, 50 miles north.

@Tramayne Simmons if this is a lender that is based in North Carolina it might be best to ask the question in the North Carolina forum.....or whatever state it is in. 

Even going up north can yield some returns but you need to have more capital to throw. 

I have been going consistently for the past 3 weeks to get to know the neighborhoods , but I 've seen so many vacant houses that it caught my attention , especially on the north and west areas ( low income would be  the spectrum of  my investments )

I bought my first home a short sale at age 25 in 2009 ( house in the north east @275k) . 

Hey everyone! I’m looking to get into the Passaic County Market and I’d like to connect with any investors who have experience or are currently investing in this market. I’d like to bring some leads to the table and l...

We've since moved to North Carolina, are owner occupying another duplex here, and the California property is fully rented.

I have not yet purchased my first deal that I will house hack, but I am in the North Shore about 20 north of Boston.