Current state of market

[Ryan White]

I'm a fairly new investor and wanted to get some feedback from the experts. I just moved out of my house because I bought a new one for my growing family and rented out the old house…so now I officially have my first rental. I'm still very new to being a landlord but At some point in the near future I want to purchase another rental to increase my portfolio. In the current state of the market, houses are more expensive and interest rates have not come down to offset that much. Even with the high rental rates that I can get in my area, most properties are priced too high and mortgages are too expensive to make most houses a good deal. My goal is cash flow but PITI almost washes out all cash flow. How are you approaching the current market when it comes to purchasing rental properties? Are there any strategies you'd be willing to share to help me out as I approach purchasing another rental property in this market?

thanks

Ryan