I’m sure he feels like he earned that money because of how much time he spent going to different sources supposedly.

While I don’t suggest that the smaller type investor purchase and utilize “exotic” vehicles like foreign asset protection trusts, family limited partnerships with outside controls, or Byzantine or convoluted maze of ownership entities, the more simple strategies of using Series LLCs, self directed retirement plans, and paying off their home mortgage to the extent of the Federal BK homestead exemptions can insure that a plaintiff attorney never even considers going after them.  

Look, I know the whole concept of a 1031 exchnage can feel a bit like reading a foreign language at first, but trust me, once you wrap your head around it, you might never look at property taxes the same way.

>Successful collection rate on LTR is not even 15%What is the source of this stat?

We do a pretty good deal of site selection with data behind it and use experian as a data source. 

My point is cash flow is only one source of return on RE and in my opinion the least desired because it gets taxed annually.  

Because if you make good money and always have a source of funds for emergencies then you can use the money immediately if you have enough for a down payment on another property or put it in a high yield savings account or treasuries for a low risk return with good liquidity.

The skill comes in sourcing deals that arent only on the MLS.

I don't have a lot of confidence that those numbers are true (10 DOSC for him, a few dozen for his students), considering the source. 

Are you having more success sourcing off-market properties, or do you focus on distressed opportunities through agents or wholesalers?