What market and where's the good deals!!

[AJ Angel]

Hey fellow Cali BP members, I really want to buy some buy and hold multi family homes but how do you know when your completely ready? Also I can't afford the market I live in what should I Do? some say being new only start in your local market, others say if you can find a good deal that's somewhat close when you have everything in place then go ahead? last question. when I'm analyzing a deal it seems to me almost every property there is barely any cash flow at the end of the day? why is that? after gross rental - expenses - mortgage= not much cash flow. some have been negatives Thanks, Semper Invest!