My question here is two-fold - should we pick a city and then try to build this network, or feel out building a network in multiple cities and then pick a location based on where we can generate the strongest network? 

You need to have a 3rd party realtor query the MSL for your zipcode and generate you a list of recent sale and tally them up (last 3-6 months). 

If only I had a nickel for the amount of times I've heard infinite banking/whole life in the same sentence (spoiler alert: I would be very rich).You mean to tell me that just because someone has a podcast/website and says they have THE secret to wealth generation that they can share for a low low price if I call/email now, that they may be trying to take advantage of me?

@Jerryll Noorden has a lot of good points and I agree that SEO plays a major role in getting you leads, but SEO is not the best or only strategy - there are a few ways to go about getting leads, and every one of them is applicable and has its strengths.As you can see Jerryll is using a platform that helps you generate leads.

Develop a strategy that will generate you leads.

I DO use facebook.. but not for lead generation.

If you have around $3 million to invest that should get you into a $10- $12million asset which should generate around $200k income plus or minus on autopilot. 

As far as building the actually list or lead generation I would consider doing this by going to Investor events in your local town ( Belly to belly) There is nothing better then getting face to face with a prospect.

Airbnb #2  (2bed/2bath) condo  -  Rent $2500 - this is what I pay.Expenses:Rent $2500Internet $59Utilities  variable but $100 averageNetflix/SlingTV - $50STR insurance - $50Total expenses: $2759Cleaning - is not an expense but a revenue generator.

My team and I have a virtual assistant team helping us on our day to day tasks from lead generation to transaction coordination.