I'm sorry for using the wrong technical term.

There are just so many ways that It can go wrong and lead to headaches

You’ll also want additional coverage in addition to your standard E&O insurance to CYA if something goes wrong when you mix business with pleasure.

I don't want to give you the wrong advice so I am not sure how to answer this.

The risk is that if you are wrong, the will have to pay the tax "you should have paid" with penalties and interest.

Don't get me wrong because the location is important when purchasing real estate. 

It's their fault, and the power lies with them to reverse their poor past choices and pick themselves up a bit by their own bootstraps.You're going to tell these new tenants that what's primarily wrong with them is not a legacy of a crime against humanity in the form of three hundred years of black slavery, followed by an unfunded emancipation that turned a huge number of Americans into desperate economic refugees based on the color of their skin, followed by a legacy of organized race hatred, bigotry, pseudoscientific and religious condemnation, and of course overwhelming and widespread intimidation and coercion, followed by a series of failed half-hearted half-measures coupled with an absolute refusal to consider slave reparations and the most lopsided minority levels of poverty and incarceration in the developed world.You're going to explain to these black folks that all that is of secondary importance, and what's REALLY important now is that they get better managing their money so they can hand it over to you more efficiently and you won't have to work so hard to get it.

I don't see anything wrong with it, and I've done it before as well. 

I'd much rather that large hot with 3 creams from McDonalds.My bet (and I reserve the right to be wrong) is that the most important ingredient in a gourmet shop is marketing. 

Jeremy is right, if you have a good system then there's nothing wrong with buying out of state, but I'm guessing for your first one, the system is still in the works.