For a foreign investor where there are completely different terms you would be better served using the 50% rule to help evaluate (which may also not apply because of taxes, management fees, etc.).

However, if you do place the property into the LLC as mentioned above you actually don't need to worry about the foreign filing fees, either.

Then you have the flexibility of renting different types of places, different locations, and you're not tied to that one piece of property with all the headaches that might come with owning property in a foreign country.Invest here in your backyard and use the profits for your vacation rental is probably a better idea in most cases.

I am in the process of selling a 6 units apartment building in Hollywood, Fl Any suggestions how to present it to foreign investors?

Do I need an annual foreign entity permit for my property in Missouri?

If LLC A is the parent in another state and LLC B is the one I'd initially be using would I need to register LLC A as a foreign LLC here in NC? 

I do know foreigners can't own land but you can lease it and own the building, or you can form a corporation with 75% Philippine ownership and the corporation can own the land. 

The LLC would finally flow through the C-corp and you would get the advantages of C-corp for being a foreign investor. 

Trust me, all of this was soooo foreign to me at first, but after doing my own research and asking questions on bigger pockets I am very confident in my direction, numbers, market, and how I plan on executing my plan. 

It's very possible to get cash flow and appreciation, but as a foreign landlord you'll want local knowledge in the market.