It spreads their risk.In regard to market, there's a couple of different approaches my clients take:1.)

Spread your eggs between multiple pockets rather than everything into one property that may or may not appreciate and cashflow as you forecasted.The only exception that rule would be in Austin, if you live there, or in Phoenix AZ just because the growth in the Phoenix metro is so strong and you can still cashflow there. 

@Jeff Hines - go with a direct lender and spread that $150K over multiple properties. 

When investors see that you’re looking out for them, that you treat them like partners rather than just capital sources, they start spreading the word.

This will spread from california to other states with time. 

You'll need to make sure the ROI spread is large enough that you can still turn a healthy profit if you have to sell under what your projecting for ARV. 

Quote from @Pat Arneson: Yes, sometimes they have a ton on their plate and need to sell some off, and sometimes there is a better spread in their eyes wholesaling the deal verse flipping it.

Myles, in San Bernardino, didn't see my actions as "chest pumping", he saw logic and common sense, and he joined.Now, while you are gossiping and spreading negative opinions on a thread that has nothing at all to do with you, as you are not in my program and the OP asked for opinions of said program, of which you have none, as you are not in the program Myles is making big money.Miles is now a millionaire less than 6 months into the program.The product is not for everyone.

He had a client who was debating between buying a small apartment building in L.A. or spreading out capital on multiple units in Phoenix.. after running the numbers with a dedicated local realtro who actually drove around neighborhoods, he opted for Phoenix because he could get more doors for the same cost.

@Stuart Udis my thought was to spread the risk is why to partner.