I have seen too many people simply "wing it" only to get buried in IRS, legal, or other troubles that are much more costly and could have been avoided.

from Australia it looks very strange to me I see homes for sale starting from $1, take 1 mile out of Chicago central I see a 3 bedroom house for something like $7,000 which seems rather cheap for a location so close to the centre of the city.

WASHINGTON -- Federal regulators have accused billionaire Dallas Mavericks owner Mark Cuban of insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.

It's in a central area of the city, close to downtown, with bus access a block away, close to all levels of school.

Oh, and some of these professionals were telling people to sell stocks and avoid bonds and move into cash since around 10/2007 (the high)."

My understanding is that a homeowner can put their property into a LT with a named trustee( usually their attorney) for the purposes of estae planning and avoid the DOS.

Even though it will be your primary residence, avoid falling in love with any particular house.If you're not working with an agent, you might consider trying to find one.

Bernanke may favor a rescue to avoid the chaotic aftermath of Lehman Brothers Holdings Inc.

I have some clients of mine looking at a 2006 built retail center in the Central Valley of CA, fully leased with NNN tenants on 4-20 year leases with a cap at 6%.

Holding properties in an S-Corp would, in most cases, trigger self-employemnt taxes which is something you want to avoid in the RE business.