You can also purchase a condo that will typically be cashflow neutral after two or three years from purchase time.

Most of the units I have looked at don't seem to work out, Im trying to be cashflow positive or neutral so I can continue to save and get into my next property. 

Plumbing by-passes or abandoned lines; collapsing sewer lines; badly corroded supply and waste lines (both can be from inside or outside corrosion) fixtures with very hard to find components; hidden electrical junction boxes...or non-existent boxes at junctions; outdated and/or underrated distribution panels; knob and tube wiring improperly connected to, or extended with, romex; Switches wired incorrectly, breaking the neutral instead of the hot side; no, or poor grounds for improper outlets; overheated connections, outlets, switches, and light fixtures; improper wire sizes for circuits and overloaded circuits; and plenty of others...all very costly to troubleshoot, locate, and correct individually.

I have found some that come out cash flow neutral (accounting for maintenance, vacancy, etc).

Couple different questions here:1) You can absolutely have GFI protection without a ground wire; the protection is triggered when there is an imbalance between the hot and neutral wires. 

Try spraying with muriatic acid solution to etch the brick and clear up some (more) of the ivy damage, then power wash with a baking soda solution to neutralize the acid and stop the etching process.

They take left overs and mix cans together for some basic neutrals. 

The previous post was an attempt to stay neutral.

Hey, what is a good neutral carpet color for a fairly upscale house to sell?  

It currently is cashflow neutral (if you do not include the assessments we've paid).