No success finding deals

[Raphael Alexis]

Hello everyone. I’ve been using the rental property calculator on BP and searching for properties on Zillow, Redfin, Realtor, etc. for 10 months now. I am currently looking for SFHs and SMFHs in the San Antonio area and plan to rent to military families that work at Lackland AFB. I’ve looked in the city as well as the outskirts and every time I run the number on a property, the cash flow always comes out negative. How do you know when it’s time to look for properties in a new location/market?

(Currently long distance investing, will be using a VA loan the numbers I typically used are as followed:

Interest Rate: 4%

Repairs: 5%

Vacancy: 5%

CapEx: 10%

Property Management: 10%

Mortgage: 30 Year

Thank you in advance!