They always have capital outlay for months (sometimes many months) before any income (time value of money).  

Also is the $41,255 NOI or is that just income?

I dont have the full purchase price of this 4plex to invest though, so I would have to finance half to 2/3 which seems like a stumbling block. i can still make the numbers work, but at a much lesser monthly profit i suppose. i also dont have the w2 income to support 2 mortgages (counting the one i have on my house), so i assume any bank would have to count the existing leases towards my income which i understand is possibleI guess I was wondering about advice, or red flags, anything, on this specific deal.

These plans are beautiful inventories of zoning, demographics, income, traffic patterns, etc. but now what?

Simply plug in your Income, Expenses, and a few Cash Flow items and let the template do the rest.  

Most of the time it is qualified by income, typically you need to make 80% or less of the area median income of where  you currently live. 

I have been trying to learn as much about real estate investing as I can through BiggerPockets and other sources, and I am looking for people here who I can network with and help each other through our real estate investing journeys!

Anyway, you are allowed to pay yourself,  but that turns passive rental income into actively earned income, subject to self-employment taxes @Nicholas Radina

I would like to add to that I've just been busy with other stuff.I keep track of income / expenses for my 3 income producing properties in a spreadsheet.I also just bought a new home last year and still trying to sell the old home.

Not sure if I’m kidding myself either  but I want additional income streams and I want them to grow over time.