BuddyPress.org

MULTIPLE BuddyPress sites using a “single” buddypress installation?

I am a newbie with no programming experience, so please bear with my ignorance.

Here is the situation:

1. We are planning to use buddypress for multiple social network sites.

2. Each site will have it’s own unique/different/separate domain name, for example site1.com, site2.com, site3.com and so on.
Please note we are not talking sub-domains but different domains.

3. Different sites will use different themes, different pluggins, and will have different content/members etc.

4. We are thinking of doing it using single installation of BuddyPress to save time in ongoing management of all these separate sites.

Please help with the folloing questions:

1. Is it even possible to use single install of BuddyPress for multiple different sites (all with their own different domains)?

2. How many “maximum” sites can one installation of BuddyPress handle without causing any problems?

3. What are the steps to enable multiple sites using single buddypress install?

4. Will it allow us to keep all the sites independent of each other (full content, themes, pluggins and databases of each site)?

For example, if down the road we sell one or more of the sites, will we be able to transfer that complete site to it’s new owner “easily”?
Will it cause any issues in member records and databases etc?

5. Now the million dollar question: Is it all possible or Am I just insane?

Please provide some guidance how should we proceed and what is the best way to efficiently manage multiple BuddyPress sites?

Thank you VERY MUCH.

Regards.