Analysis Paralysis or just haven't found a working deal?

[Aldo Fazio]

Hello BP people! I'm new to investing, though I have been reading about for at least 1 to 2 years now. I feel like I'm ready to rock. I'm hooked up with a couple realtors in the market where I'm shopping, which is Kansas City. I chose this market mainly because my wife is from there, and because it's affordable compared to where I live in Guerneville, California. I'm certainly qualified and getting pre-approved for a loan, though I've thought about purchasing cash (up to $100K or so). I've been talking to a PM that seems capable and experienced and is also a BP member.

Now, I know analysis paralysis is a thing, and I've been analyzing lots of deals. The thing is, the numbers just aren't working well. Is it really this difficult to find what I'm looking for? I suppose I should be more patient, but I don't want to be "paralyzed" by analysis. I also don't want to drag my agents all over the place looking for a deal that doesn't exist.

My strategy so far is to buy a nice, rent-ready SFR, in a nice area, that would be desirable for a working class family. I'm hoping to attract good tenants and also get good appreciation. With interest rates and prices where they are, I'm planning to use a larger downpayment just to get it to cashflow by keeping my mortgage and other expenses lower than the market rent.

If anyone has comments or suggestions, I'm all ears, and I would greatly appreciate it!

Thanks in advance for your expertise and wisdom!

~Aldo Fazio, General Contractor