Creating Projects on Network

We have PE11 installed on two Windows 7 computers that are connected on a local network. This network has permissions for full access in either direction.
Since there are several people who may work on any project, is it safe to have all the projects and their assets on one computer (call it Base).
Our intent is to avoid have different versions on each computer.
When a project is completed and is to be published would it be ok to initiate this from the non-Base computer with the output being generated on the Base computer?

As far as I know, NO current version of Premiere works properly over a network
-you may NOT "map" your My Documents folder to a network drive
-you MUST give all users administrator accounts to use Premiere
-you MAY also need to... http://forums.adobe.com/thread/969395
-http://forums.adobe.com/thread/771151
-http://forums.adobe.com/thread/851602
-a work around, of sorts http://forums.adobe.com/thread/957523
-and not on a "domain" http://forums.adobe.com/thread/858977
-also PreEl see #5 http://forums.adobe.com/thread/1017199
-more PreEl problem http://forums.adobe.com/thread/975117
Adobe Anywhere http://forums.adobe.com/message/4682127
-Announced September 2012 for "future versions" of Premiere Pro
-NO information on pricing or availability date

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    Time Capsule 3GB, latest generation (needs to be located on middle floor in a corner room by the Comcast modem)
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    I have an equally complex setup with a managed switch actually but I have never seen the TC have this kind of issue.
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    I have an airport extreme and express, if I use the extreme as a base station connected to my old router can I use the express to extend the signal while also creating a new network that only I can use? Essentially having two wifi connection off the same network? If so how do I set this up?

    Extending using a wireless connection always results in a performance compromise.
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