And assuming that negative cash flow means it will be more profitable over time is simply a silly assertion.

It is anecdotal, like retail, there is just not the underlying data to support the assertion. 

When a person is looking to take that next step and launch a syndication, the marketers all-but universally say step 1 is assert oneself as a market expert, ie "Guru".

And if they assert that they have certain assets, can you request for them to validate their assertion?

But, the data certainly doesn't support your assertion that people don't mind it...

It also provided case citations, as I requested, to back up its assertions. 

Usually people who use assertive tactics to bully other people is giving off the illusion of control.

Many syndications market the deductibility of losses and will disclose in their PPM”s to speak with your tax advisor as they do not know their investors situation (beyond Accredited Investor assertions)  and will disclaim providing legal or tax advice.

Here is what I foundMSA Level StudyBased on my study, the top ten cash-flow markets based on unlevered CoCR , tabulated by MSA, are the following: Muncie, IN Metro AreaJacksonville, NC Metro AreaLumberton, NC Micro AreaTerre Haute, IN Metro AreaBeckley, WV Metro AreaMeridian, MS Micro AreaSumter, SC Metro AreaFayetteville, NC Metro AreaCharleston, WV Metro AreaYuma, AZ Metro AreaAs you stated in your earlier post, in your study, the Detroit MSA and Cleveland MSA do not even make it into the top 50%.I have found this to be true as well, Detroit come in at 171/333 and Cleveland 234/333 for CoCR.Another point of interest for me was your assertion that rent to price ratios don't correlate well with cash flow.

@Carlos Ptriawan Its a shame that you hate on Austin metro so much with out real concrete on the ground evidence with unemployment numbers/building permit data/employment growth or any real data backing up assertions.