Setting up an Official Residence "Out of State"
We are coming to the college years with our kids and we are finding (no surprise) that college is expensive and very expensive if you are an out-of-state student. As a full-time developer, investor and consultant, I could theoretically work from anywhere (although most of my income would still come from my Idaho). Has anyone done this? I'm thinking of buying a place in another state and officially making it my "home" (for tax purposes, for homeowner write-off, etc.) but the majority of my income will be from Idaho and my son will finish high school here. Most universities look at the parent's residence status for the kids application - if I do this a year or more ahead of time, would I be able to have him enter a university in my new state as an in-state resident? Any challenges or things to avoid?