My current area is terrible when it comes to real estate investment and looking for any cash flow positiveness.Also since I can only buy a single property per year as a primary resident, by utilizing 10% downpayment, I'd like to maximize as much cashflow as positive rather than just ROI.

The name of the game starting out is to maximize income and minimize expenses until you've saved enough to invest and have a cushion. 

Great way to make connections and see what is going on in that community.As far as maximizing BP to learn - set up your keyword alerts under settings and you can also par-take in several podcasts and educational references here as well that can be specific to your market.Don't be afraid to ask questions and always make sure to check references for anyone you add to your team - licensed and insured!!

Spending a few bucks can allow you to start your renos and maximize your full cash flow instead of waiting. 

If you know any real estate investors nearby, ask them for a good CPA recommendation.If a CPA does their job right, they'll maximize your deductions to avoid you paying taxes.

I obviously want to maximize my cash flow and return but I'm having difficulty finding a highly cash flow oriented property that is within my price range of 300000 to $400000.

Obviously the goal is to maximize the refinance amount, so what are some improvements people like to make to increase the value of the home?

Having a good understanding of how your current properties should/could be performing if income is maximized, will help you decide what is the best use of your time/money. 

The ultimate goal is to become financially free through this but I also want to learn and understand and make intelligent choices so I can maximize the returns. 

To maximize your cash out, you will want to get the loan once the rehab is completed so the appraisal is based on the updated property.