@Matt Pritchard     Matt,        You can certainly buy in any State as a foreign (out of State) Corporation.

I am seeking  advise of accountant familiar with foreign income tax in US real estate and have following questions:Which expenses I can claim for income tax during flipping(for instance whether international travel cost and accommodation cost  during acquire, rehab, and selling property can be claimed )How to reduce income tax during closing ( instead of paying 15% of gross sale price I would like to pay actual tax liability which is by far less )Apply for tax certificate or affidavit to reduce tax liability to actual amount

I am seeking advise of accountant familiar with foreign income tax in US real estate and have following questions:Which expenses I can claim for income tax during flipping(for instance whether international travel cost and accommodation cost during acquire, rehab, and selling property can be claimed )How to reduce income tax during closing ( instead of paying 15% of gross sale price I would like to pay actual tax liability which is by far less )Apply for tax certificate or affidavit to reduce tax liability to actual amount

Doing a Rental to two foreign nationals here.  

While this would be quite beneficial, I wanted to make sure that I consider all legal/tax implications before proceeding.I would like to ask advice from anyone on the forum who has either dealt with foreign private money, or is familiar of the legal/tax side of such transactions.

I can explain off-line if needed.There is also a "process" for qualifying a foreign entity...

You've joined the right group with plenty of investing tips.Since you are from Germany and therefore familiar with foreign real estate investment portfolios, if you are interested in information of the Japan property market, do let me know.

I've been lightly looking into investing in Mexico over the last few years and know there are some interesting arrangements as a foreigner buying property especially depending on where it is.

It sounds very similar to how we (Californians) talk about Chinese and other foreign investors who throw down ridiculous all cash offers in the Bay Area.

Welcome to BP mate,This is the place where your mind gets flooded with ideas hahaIf only more foreign investors knew about this forum before they invested here.Would've been much less heartache going around.Thanks