Cash flowing in out of state investing

[Paul Wolfson]

Hello BP friends. I live in an expensive market and recently started exploring options investing out of state.

After running the numbers in several markets, I'm finding it difficult to find cash flowing properties almost anywhere? 

Can you please let me know if I'm doing something wrong?

For example, let's look at Kansas City, MO.

https://www.redfin.com/MO/Gladstone/3441-NE-72nd-Ter-64119/home/78227438

Here's a SFH for 150k.

• Principal & Interest: $604
• Taxes: $114
• Insurance: $63
• Vacancy (8%): $100
• Maintenance/CapEx (10%): $125
• Management (10%): $125
  

Total Expenses: $1,131

Rent: $1250/mo (according to Rentometer)

Cash Flow: $119/mo

Other parts of KC, I am getting negative cash flow. Am I doing something wrong?

[John Warren]

@Paul Wolfson the issue you will run into is that in good areas most deals don't cash flow well. You have to be very selective, and you have to watch the market for a while to get a feel for the flow of the market. I would encourage you to pick a primary market if possible, and focus more on developing your "team". The main thing you will need is deal flow, and you can find this is in larger, more active areas.