How to Work between SQL Server 2012 and SQL Server 2005

I can't run SQL 2005 on my local machine because I have windows 8.  Unfortunately one of my companies applications is still on 2005.  Can I run 2012 on my local machine, restore the 2005 database into it and then just use tools like SQL Examiner or APEXSql to keep my local copy and the production 2005 copy in sync?

Otherwise, I suppose I could run a virtual machine locally and install 2005 onto that.

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Aneesh RetnakaranDatabase AdministratorCommented:
I prefer a VM with SQL 2005 . The issue hosting the SQL 2005 database on the SQL 2012 is that there are some differences on some of the system tables  and function,.

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Microsoft SQL Server

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