Have you considered investing in any other markets and how you plan to manage the property? 

Good to see a fresh face around.. how much research have you done on property management?

For example:How well does in-house counsel adapt to different jurisdictions, especially if we’re managing properties across multiple states?

I think a better option is to get a job in property management.

How well can you manage multiple roommates?

It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.

Could it attract squatters, or is it the right move for responsible property management?

Let's you prove yourself to your investors in a more manageable way.  

Bossier partner managed property and repairs while we managed business structure and banking account setup.

Quote from @Allen Berrebbi: Quote from @Dominic Mazzarella: I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.