It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.Obtaining a loan in an LLC can be difficult, but not impossible. 

Another thing it can be, foreign money as well, linked to turnkey Investment firms. promising them 5 to 8 % Return. 

for us being friends, she said this is already a friendship discount, since she normally charges 25-35% for other clients (which I don't think she even has other clients, because she started her own company and used foreign investment money to flip places and pay back the investment capital + interest)Her current estimate of 100k is only her guesses, without really having anyone or any real contractor giving her a solid quote.

Some people have to consider foreign taxes.2)financing costs for a HELOC from a cash-flow perspective is an cash-outflow.From a tax perspective, you want to see if some of the upfront costs should be capitalized.

You can either form a new local LLC or register your out-of-state LLC as a foreign entity. 

Ask JayLegitimately be the best at what you do and no one cares what you look like (except if you are a dark foreigner that smells like 5 day old unwashed ape).

I know this could be a foreign concept to most west coast landlords but out in the mid west deep south its quite common to have the deposit just a non refundable fee .. the tenant already knows they are not getting it back so many landlords just take it up front and tenants just move.. now this is with C class and below generally speaking and for sure most section. 8 

Maybe attractive to some, foreign to me.

I am a foreign national trying to invest in real estate in the US with a focus on multifamily rentals.

Either the company had to be set up there or it had to register as a foreign company (from another state).