That's how he gets positive cash flow.

The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.

Once you increase your real estate portfolio using these tax free money, part of the cash flow they generate is offset by the non cash deduction (ie depreciation) so you get the equivalent to the depreciation amount but don't pay taxes on it.

Many groups buy cash flow negative deals and overraise to pay distributions right away. 

Cash flow has been hampered by an increase in cost of ownership recently, specifically insurance. 

Are you looking for cash-flow?

I agree, start local and see if you can find anything that cash flows in your area—it's always easier to manage something close by when you're just starting out.

We host a lot of networking events and other groups as well such as the multi family club and the cash flow group.

Starting with a turnkey cash flow rental is what I recommend for newbies!

The right market for you depends on whether you prioritize cash flow (Augusta, Columbia) or long-term appreciation (Greenville, Huntsville).