Pros
If the apartments are away from you... travelling to them might
be a business expense. e.g. you live in Chicago, but you
buy rental units in Miami and L.A. (and leave maintenance
and management to an on-site Super)
cons
Watch for local laws. Some places are very landlord-friendly
(Florida) and others are very tenant-friendly (the Northeast)
You don't want to get into a situation where evicting a bad
tenant takes months instead of days.
