Even in the high end real estate market (casinos, hotels, bulk reo packages) you will find that there is a lot of overseas oil money (not necessarily US allies) buying big chunks of these high end US properties.

Especially since casinos aren't even really popular now, and the fact that a vast majority of homes are owned by investors. 

sure they cheat blatantly at the casino but the marine environment is stunning.complacency always costs money,

Haha, Seth I just got back from snow skiing and the casino and leave tomorrow for two weeks at the beach.Pay someone to do the work and go on vacation with the TIME you saved.

But she has no interest in actively participating.Lots of folks refuse to invest in anything riskier than bank CDs or treasuries.

Compensation is defined in IRC Sec. 219(f)(1), Treasury regulations, and IRS Publication 590, Individual Retirement Arrangements (IRAs).

Based on the Proposed Treasury Regulations section 1.1402(a)-2(h)(2), there is a strategy that will effectively reduce your self employment tax up to $60,000 - $70,000 with your wife as a limited partner.

Especially with a potential casino going in, I feel as though more and more people will be going closer to the city.I agree with your thoughts on a PM - But hey, if making money on real estate were easy, then everyone would be doing it!

The Treasury Regulations only require that the taxpayer have the intent to hold for rental or investment or business use. 

Besides treasuries, saving bonds I am exploring the note funds options, lending club/prosper investing, trust deed investing, private money lending.