As long as you regularly make your mortgage payments and do not plan on getting another primary residence loan, you should be alright. 

But I would not go crazy & start trying to do everything on their "honey do" list.Every Time I have inherited tenants they always come at the new landlord with "honey do" lists as long as my arm.

Lisa, as long as the numbers work for the rehab, you'll have no problem finding someone who'll buy your properties.

Only after you've received the Certificate of Title, can you then get insurance, as long as the title is not clouded and/or you've paid off any other liens against it.  

Choosing a location is based on many factors (for me): proximity to where I live, my confidence in the cashflow, quality of the property (I stay away from fixer-uppers b/c those can suck up your time), and -- so long as I am confident that it will cashflow -- appreciation potential is a nice "icing on the cake". 

As long as you have nexus in a State you have to file there, no matter where you incorporate.

Remember, the tenants are the ones that are actually paying for it (as long as you're cash flowing), not the investor.Joe VilleneuveREcapSystemA2REIC

Anyone can sue you for anything but so long as you have a contract that covers your reasons for not closing and says you will recieve your deposit back then you should.

As long as your "intention" was to hold the 2 gained properties as investments and not inventory to be re-sold, you should be ok. 

Except... when I am buying of course since I know my team can rent/lease it out quickly in most scenarios as long as we can bring up to standard quickly.