Ohio markets not really cash flowing! Am I missing something?

[Dhruv Patel]

Hello, I'm new to investing out-of-state. I live in PA (northeast of Philadelphia) and was looking to invest in Ohio markets due to their lower prices and appreciation. I connected with an agent and analyzed lots of deals. But considering all the expenses (PM, leasing fees, cap reserve, maintenance, taxes, etc), it has been showing as negative cash flow. 

Am I missing something in my calculations? Am I too late to the game? There are lots of SFH and MF units coming on sale but they don't seem to have a positive cashflow. I'd appreciate guidance and a different perspective.