Interested in finding out if anyone has had general homestead exemptions and or senior citizen homestead freezes applied to their property taxes for a family member that rents a SFR from them in Illinois.

Question is: what is their best option from a tax standpoint as senior citizens?

In fact, we will probably have to get hold of an immigration attorney before we move, as there are strict requirements for any foreign citizens applying for green cards.

The 1$ is really just transferring a problem from the state to a private citizen.

Are you a U.S. citizen and the business is in the Philippines?

@Thomas S. great comments on the older adult / senior citizen segment.

Belize---  YEAH....maybe one of the easiest places for foreigners to own land and property with the same rights as citizens.   

@Dustin RuffI fundamentally do not believe it is the responsibility of private citizens to sacrifice income for the “benefit” of others.

There are plenty of degrees out there that are useful in producing thoughtful citizens, but they don't do much beyond that, and therefore, the applicable career path for that skillset may legitimately be McDonald's.

We are in the middle of our 1st/2nd deal right now and thought we would open ourselves up to questions and comments while we are in the thick of things and can give some specifics regarding FHA/duplex purchase and we are both self employed at 30/35.We were living in Germany (I am a German citizen, my wife is American) prior to making the move back to Cleveland in 2013.