You lose diversification and have to "pick a new single stock" each time.  

., if you’re looking to take a more passive role in your real estate and want the benefits of diversification there are funds available to accredited investors that are designed to allow investors the opportunity for ownership of institutional investment grade property outside of CA that is occupied by regional, national, and Fortune 500 credited companies. 

This is what you call a diversification exchange. 

@Bob RazlerGlad you follow the rule on diversification!

The main point here is diversification, as in, spreading out your risk pool.

Namely: Diversification of my overall investment portfolio: Despite my IRA goals, an REI opportunity would help diversification. 

I remember a podcast that mentioned something about it.Luckily I don’t mind the stress, I am an entrepreneur, I like challenges and I´m used to start business and today I’ve made a living out of it.Good suggestion, for the future, as a diversification strategy.

In fact, most wisdom would say diversification isn't a bad thing.But you also don't want to forget the parameters of that 45 day list.  

The 200% of FMV rule is generally for those that are selling a larger asset and want to acquire a number of smaller assets (diversification strategy).  

We also do have fairly strong diversification.. state capitol, bridgestone, nissan HQ and factory, GM factory, LG washing machines, AO Smith water heaters, Beretta, 2 Amazon warehouses, cracker barrel, dollar general, tractor supply, shoneys, as well as a ton of regional offices for all kinds of companies.