You have to keep in mind most of the people that lost investment properties in the last downturn were risk takers and gamblers who lost that bet, Some blame the banks who gave them risky loans that they actually asked for, others had no idea what they were doing and shouldn't have been investing but did because it was the trendy thing to do.We all see several post on BP every day with captions like "I have a deal under contract/or purchased, Is this a good deal?".

Getting a real estate license to be an investor is like becoming a casino dealer in hopes of becoming a better gambler.

@Brian JarosInvesting in out-of-state rental properties does add some complexities to your tax profile.Since you live in Chicago; you are required to file an Illinois Resident state tax return where you report your worldwide income.

While I can't speak for any other companies, Keller Williams has fantastic training programs, and were recently named the #1 training organization worldwide, across all industries.  

My major goal is to become a worldwide investor and at the same time share my knowledge and help the generations to become successful with my own example and help.I feel great to find this site and I hope to build a lot of relationships along the way, feel free to ask anything you want to and see you in the road.!

Okay, enough about me.Why I'm here: Fortunately, thanks to the Worldwide Web, no matter where I've been on my endeavors, I've always got a means of researching. 

As a US citizen you are subject to US tax on your worldwide income.

I only got tid bits of the issue on the news, so I had no other info.I did hear commentary by a regulator in England saying that the attitude in banking is threatning the confidence in the financial systems world wide and that things must change.

Sweet Foundation of America, a non-profit organization that's in involved Import/Export of Used Clothing worldwide. 

As a US citizen you are required to report your entire worldwide income regardless of paying taxes in the other country.