I'm an American and I'm considering moving abroad to a low-cost country to reduce my expenses while I create and market my first information product. I want to devote my full-time energy to this project (i.e. not hold a regular job), but I don't think it's financially feasible for me to do it while living in the United States with an oppressively large amount of student debt hanging over my head. I'm hoping that moving to a low-cost country will allow me to make ends meet for a while, until the money starts coming in.
I was wondering if any Americans here had experience with living in a low-cost country while working on internet marketing. What countries are good for this? Are immigration/residency requirements a major hassle, if you're just doing your own thing online rather than "working"?
Also, I find US income tax law to be extremely confusing when it comes to expatriates and online income. Do you need to pay income taxes (to either country) on your online income if you're an American living abroad?
Thanks for your help. I appreciate your comments and suggestions.