:D).I plan on attending law school (not sure yet of specialization, but I will be pursuing something in financials: tax, capital markets, investment banking, REITs, etc) beginning 2014, and consequently, have a "gap year" to build experience (any productive kind) and possibly earn some modest cash to put towards (near)-future investments.

Laws vary locally.

I didn't see anything in Ohio's laws about this either.

national irc is the law in many areas....and it says one on each level, plus one in each bedroom and one in the connecting hallway. plus a co detector somewhere

There is also the possibility of a loan agreement being draft as non-recourse or recourse (when the law allows).So, if the debt exceeds the value of the property and the state is a non-recourse state, the bank will not be able to pursue the borrower personally (barring a separate agreement like a personal guaranty).

*Check with your closing attorney and your local laws!

., you are of course correct in that, generally speaking (almost a law of physics), no taxing authority willingly gives up revenue and taxes trend upwards.

You are subject to that state's laws regardless of where you were formed.

Be sure to include laws.

The guru also may offer the same exact detailed program in every state regardless of state laws.