One of the most important rules is proximity. No 2 physical stages of two caches should be closer than 0.1 miles or 161 meters apart. A physical stage is any place where a cacher has placed something even if it is not the final cache, such as a field puzzle in a multi-cache.
Here is a theory that needs proving though:
Should there be a tower which is 322 metres high and there is public access/permission, one could hide 3 caches on exactly the same coordinates? I suppose this will be up to interpretation by your reviewer...
This is a night cache, and please be very aware of your surroundings at all times. It can however be done during the day too.