What is your minimum investment criteria when analyzing a deal

[Nate Wilson]

I have been actively looking for a multifamily in the Manchester Nh area and feel pretty confident (I think!) on analyzing properties. I listened to Scott Trench audiobook book Set For Life, it suggested that if you can't get better than 10% return you are better off investing in the index fund. When I analyzing deals I am focused on cash on cash return. I am curious to what are the minimum investment criteria REI look for.