Then I'd probably spread that $750k out amongst numerous operators and diversify across asset classes that I like (for me it would be industrial, multifamily, storage, and mobile home parks).

Then he narrows down to towns that have steady employment, good cap rates, and a shortage of rentals.

Quote from @Lou Haidous: I’ve been able to find deals in Metro Detroit where I can pull cash out on the refi ($10-$20k) and still have about 2-$300 in monthly spread before vacancies/repairs.

And spreading across multiple exchanges would mean I get eaten up by fees.I've addressed your second paragraph in prior posts but tldr is that I am executing a particular hedging strategy and want to maximize my return based on that strategy. 

Today, the door is boarded up and there is no glass in the upper-story windows.Nicole Lawrence, executive director of the Tenant Union Representative Network, said such deterioration tends to spread blight throughout neighborhoods, diminishing safe, affordable housing opportunities in communities where they’re most needed.

If I'm flipping, my discount needs to be deep to create a spread. 

While you may always have a skip, early termination, or eviction, spreading out the lease-end dates can help avoid having all units vacant at once.

You can then get help setting up your team and narrowing down your strategy. 

Having a nice spread by the river in Washoe valley would be nice.

they DONT  these guys are trainers there is huge money in it far more than they could make actually wholesaling .. think about it the amount of properties that can be wholesaled is quite small actually very very narrow real estate nicheThe amount of dreamers who want to  make money wholesaling and then buy rentals then retire ( this is a common theme among those who start the wholesaling gig).