I've seen some logical points made that under estimating Cap Ex may not be realized until many years later when a few larger than expected expenses eat up years of "cash flow".

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.

I've essentially done all of your steps.

His current monthly Payment Breakdown:- Principal: $314.66- Interest (3.875% rate): $578.779- Escrow: $700.79-TOTAL monthly payment: $1,594.24Estimated rental income: $1.2k - $1.6k per month.Would love to somehow capitalize on the existing fixed rate, but at his current monthly payment and the estimated rent it doesn't seem like a great opportunity for cash flow.

My thought process is make the cash now and invest in real estate later but I’d love to hear anybody else’s insight. 

The rest of the money sits in cash in the opportunity fund.

Purchase price: $350,000 Cash invested: $16,000 Sale price: $392,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Glenn Klingensmith, successfully completed a fix-and-flip on Finsbury Drive, Spring Hill, FL.

Having an operating agreement with protections for you are essential, and making sure to run good numbers and having a solid plan in place are what you'd need for this to work out.

So your question translates to “how do I find / seek cash flowing properties.” 

Please correct me if im wrong.That said it seems the airbnb short term rental business is doing okay (some cash flow?).