Just food for thought, but interesting idea. 

Not sure where you got that formula, but anyway....Positive cash flow is what you use after all payments for the business are made, to run your business, pay taxes, acquire licenses, buy toys, food,certificates of deposit, etc.

If this is a conventional loan you'll probably have to move up the food chain a few notches.

Without subsidies to the oil industry, it would not only cost you 4x the cost to commute to work, but you'd also pay higher prices for just about everything, including the food on your table, which is grown and packaged with petroleum products.  

Please RSVP by Friday afternoon so we can get a good count for food and drink.

Love taking a bike ride from my place over to Khmer Kitchen for some good Cambodian Food.

Not the out of state strategy you are looking for but food for thought if that's an area you are already in.

My German Shepherd weighed 76 pounds at 10 months on a normal dog food diet.

Just some food for thought. 

@David LutzJust adding more food for thought from a non-tax perspective... a lot of states have rules about who or what can be a property manager in that state, often requiring a real estate broker license or similar to be a property manager (not sure what states you are invested in).