Ultimately I would like to start flipping and apartment rentals but need a little nest egg to start. 

You will need to bid against many people for the nice ones to win and then that eats into your long-term ROI and cash flow.

They will eat you alive if not careful.

But how do you calculate the risk of putting your "all eggs in one basket"?

I'm sorry to hear that Steven, happens all the time where extra costs pop up and no one wants to be stuck eating them.I wouldn't take that lying down.

Formal dining rooms are becoming less and less common; people tend to prefer the open-air concept of a kitchen that flows into a comfortable eating area.

Could have great rent escalations or not, you may have needed to provide some TI which will eat into your rate initially but provide higher rental income and longer term commitment from the tenant, or you could've walked into a fully operational property.

They will work , eat , watch some tv and sleep .  

The only difference there is you might be able to argue that you're putting more eggs into one basket.

Obviously, if you use this last strategy you're "putting all of your eggs in one basket."