No matter where you are in your business portfolio, I have a couple questions. When looking at potential properties, do you prefer a cash on cash approach, cash flow, different calculation, etc? And how would your answer differ from when you started, to where you are, and what would you have looked at differently, knowing what you know now?

I know, wildly expansive question. I'll read every answer. Just curious what you looked at, what you look at now and what you would've looked at if you could talk to "first investment property" you. Prefer answers from those that started outside of a syndicate, if possible. Also, no "had I known it would've gotten this crazy" answers. If we knew that, we'd all have personal assistants dictating our Texags posts. Hahahaha

Fire away!

I always consider cash flow first. I am small time though with only 6 doors and about 5 years in. I don't want investments that require constant in flows of cash to sustain themselves.