Cash Flow Properties - Possible when financing??

[Marc Pelletier]

Hey Everyone!

It's my first post!  Been following Bigger Pockets for over a year now and finally have something I think I can contribute.  I've made some offers on properties and been under contract a couple times but haven't closed yet due to repair issues uncovered during inspection.

So I'm just getting started and I'm building out my property analyzer. I'm struggling with being able to find properties that cash flow but aren't so under priced that they hit the 2% rule. It seems that even when I find a property that meets the 1% rule, by the time I consider 95% occupancy and subtract PITI and 50% maintenance estimate each month I end up with almost $0 cash flow.

A lot of the people on the podcast talk about how they're getting $400 per month per door cash flow even after refinancing.  Ultimately I'm looking to build out a strong portfolio of passive income generating properties.  Am I looking at something the wrong way?  Any help is appreciated!

Thanks - Marc

PS. Screenshot of my analyzer attached