This implies a cash neutral purchase of a SFR from 3 years ago would have nearly $500 positive cash flow today.  

I’m staying positive and reading my books and listening to the podcasts but still I feel like I have more questions the more I listen and learn.

Gradually, I came to almost hate rentals.Then our second mortgages paid off (we'd borrowed on our home and from family to get started), and we started actually cash flowing positive on a regular basis. 

Hey Man in in the same position, just closing on 3 properties now and flying out next month. 

The FHA Streamline sweatshops don't need to calculate income, barely need to verify employment, don't even need an appraisal department, virtually zero buy-backs, etc, so there's a whole bunch of overhead costs they simply don't have at all, and they can hire the dumbest/cheapest people for all positions.

Good position to be in though. 

The total cost of loan w/ interest at end of term (pretty much positive it isnt this one...)Thanks!!

Stats will show that the success rate for those in your present position wishing yo get into real estate investing is about 5%.

This 10k will decrease your rental income.  10k will not impact your flip profit. 

I think you'll cashflow positive, but it may not be as much as you'd expect.