Confusion about making "tons of offers"

[Mike B.]

Hello all still new here. I'm still in education mode but getting closer to my first deal - reno/resell an entry level single family.

My question concerns "advice" and "direction" contained within various educational sources (and not necessarily specific to my strategy but Im educating myself on various strategies) to "make tons of offers". I hear/read it a lot - "you must make a lot of offers and eventually you'll get a few accepted"....and different variations of this.

First just a clarifying question - does this mean multiple offers in parallel or sequentially?

If parallel does it mean up to how ever many units you could afford to buy at once if you get multiple offers accepted, or just go hog wild, accept the best one(s), and back out of the rest?

I cant imagine backing out of offers is a good idea so I am going to assume that when people say make tons of offers it is meant to make a lot of offers one at a time, one after the other, until you get one accepted.