Hi Joseph,
Property affordablility has changed a lot since that book was written so it may be harder to find a property that meets that rule in the area you are looking at.
Steve's next book 0-260 properties in 7 years may give you a little more information on the current property market. Adding value to the property through renovations is one strategy that will increase the rent into positive territory.
But don't give up. Positive property deals are out there.
Cheers,
Kylie
