Cash flow on LTR

[Bonnie Glidewell]

Hello, my husband and I are loving this podcast recently shared with us. We own one LTR (since 2021) and are starting to look for a second. Regretting not doing it last year with high interest rates now, however...besides that, I want to ask about cash flow. I've been approaching my LTR as a break even but keep hearing about cash flow. When I plug numbers into the cash flow calculator, I can't seem to find a property with any flow or hardly break even with all numbers considered even without PMI, no management fees, 20% down etc. There's a housing crises (Southern Oregon) so I think in a few years it will certainly be worth it, but what am I missing here?