Cash flow to purchase price comparison

[Justin K.]

So everyone is looking for that elusive cash flow property that Brandon always talks about on the podcasts. That one property that you find that is a true cash cow that makes this time and effort all worth it.

But....what happens if you can't ever find it? I'm on my 100+ calculation on properties and to date I have found not a single property to cash flow more than $300 not including removal of expenses. To even get close I'm going to have to offer about half of the asking price which even my realtor said could be a slap in the face. 

Example with rough numbers

Asking- 80k

Offering-49k

Rent- 800 on a very very good day

P&I- 500 on 15yr note

Cash flow- $300 not taking out for capex, repairs, management, etc...

So after this is all said and done, what is the cash flow minimum you will do? I've seen more than a handful of people who ''won't even get out of bed for less tha $300 including expenses being taken out.'' 

As you can see, offering 49k on a asking price of 80k could be just a joke to the seller. So what are my options and what is the hives mindset on how much cash flow you will ''get out of bed for?"