It will also provide a little bit of diversification.

In general I'm interest in a diverse local economy with a variety of employers, that can weather different macroeconomic changes because of its diversification.

If the idea of diversification is a good one, nothing is more diversified than having 10 SFHs of different size, construction, and neighborhood, vs. one 10 MFH unit of identical units and materials. 

In stock investing there is "diversification."

It's good diversification. 

Items like job growth, rent growth, population growth, employment diversification, income growth can help identify market trends.

The private lending is mixed between real estate and merchant cash advance (for diversification).

Accurately describes a (typically) long-term approach to clever investment in real estate, focusing on good cash flow, combined with a non-real estate investment strategy (= never put all your eggs in one basket = diversification), while at the same time already picturing a clever (i.e. primarily "tax cheap") exit strategy for the investment properties.

(contact your congress person and tell them rational lending is a good thing and we need to keep it)  Very friendly tax and regulatory environment particularly for for large corporations (TESLA got a huge tax incentive and SWITCH got a sweet deal on electricity.)These lead to economic diversification from a historically service (casino) based economy along with major infrastructure projects.  

Going out of state as a newbie buying  individual properties you are applying leverage without control or diversification, which is a recipe for disaster IMO and experience.