What is your buying criteria for cash-flowing rentals in Houston?

[Axel Norvell]

I'm looking to buy cash-flowing rentals in the Houston area, and I'd love to hear what target numbers and buying criteria others in this area are shooting for when deciding to purchase a rental.

For example:

- Rent should be no less than 1% of the all-in purchase price (1% rule)
- Property should cashflow at least $200 / month after all expenses
- Property should be located in North-West Houston area, or an area I'd be comfortable living in
- All in cost should be no more than 75% ARV
- Rehab must be medium to light, no tearing down to the studs.

What is your buying criteria, and are you meeting it in today's market?