I believe most new investors should focus on their local market, unless it's extremely cost prohibitive or has a declining population.

I agree with everyone here that said the condo fees can be prohibitive.

However, I don't see any harm in starting one right away so long as the expenses aren't prohibitive (like California's $800 annual franchise fee).

Is there some specific state real estate licensing reg.s that prohibit it.

Are there laws prohibiting making those types of payments out of escrow?

These laws prohibit discrimination based on race, color, national origin, religion, sex, familial status, disability, and other protected characteristics.2.

Let them know the lease prohibits business activities at the apartment so you were wondering what kind of business it is and whether they were planning for any clients to come to the property.  

You would have to withdraw or it would be a prohibited transaction as David Beard was saying.

A: You are prohibited from commingling these funds with your own funds.

They're called "bandit signs" for a reason, and almost every city prohibits them.