Can’t find a good deal on Rental property

[Hayden Haddad]

I’m new to Realestate business. After reading several books about rental properties I got motivated to buy my first rental property. It looks like the reality is more challenging than the books. I’ve been searching and calculating numbers on several condos and being realistic by looking for an average $100+ cash flow after subtracting the expensive, such as taxes, insurance, Maintainance (%10). I live in Dallas and looking for one or two bedroom condo or Townhome. I found a lot with my price range ($125k) but ending up loosing cash flow for most of the properties I found. What I’m doing wrong?