I enjoyed the emphasis on cash flow (I'm a cash flow guy) among other subjects discussed. 

@Shawn Carrico-Phillipsit's tough to answer this because it will depend on your own goals, values and preferences.but as you may have noticed, it is very, very difficult to cash flow right now on long term rentals with conventional debt. 

I’ve bought 10 buy n hold SFR in the last year that cash flow.

There are a TON of tiny/small towns in MN where $70k will buy you a house outright that will definitely cash flow.

Plus, there's still so many positive cash flowing and 1% deals here in Columbus Ohio.

There shouldn't be double taxation because rental real estate normally operates at a tax loss.The potential time that there will be a tax consideration is when you sell the property.However, your resident state(MN) will provide you a credit for taxes you pay to a different state.This will avoid double state taxation.In general, California state taxes are higher than Minnesota state taxes, therefore, you will be paying the higher of the two state tax rates, which is California.

It's a strong cash flow market.

There are markets that are better for cash flow and ones better for appreciation.

Would love to know your margins and understand what high cash flow means to you!

And the real volume is conducted by wealthy investors who have the option to build marketing machines and flip, hold, or wholesale deal flow at scale.