Well can't speak for other states but in MA you will definitely have to register the LLC from another state as a foreign entity doing business in the state.So just have to pay extra fees and do multiple filings on the same entity.Also it says you are from Boston so no matter where your stuff is the LLC is a flow though entity so you will be paying MA state income tax on all the income from all the states.  

I've been exchanging emails with a foreign financial manager and apparently he liked what I had to say because he has very wealthy clients who would like to lend me money to purchase multifamily real estate in the US. 500k is available immediately, with potential of up to (get this) 35 million!

I have a foreign entity LLC in Mass as I started in California, but I did not need to have insurance policy in place to get one.

Or is it not allowed by foreign investors?

Also, mind and management tests could jam you up if you created a foreign fund, but undertook all activities locally.  

This includes domestic LLCs and foreign LLCs (i.e., other states like Delaware).  

Facts:Am a foreign national, currently I own 4 properties in several countries through a friendly foreign lender (HSBC).I Have recently reached the HSBC limit of 4 mortgages after a recent purchase of property.I am now looking at my new acquisition for a property in Chicago.3 questions:1.

Also, in your experience, what is the major barrier for foreign investors in the US real estate market?

Some were foreign and wanted to season it in their taste.

(He's not from the USA, we don't live there and the REI scene is different than here; plus when he reads news about REI in the USA it's from the very biased govt. run media which typically puts a negative spin on anything "foreign") This morning he said he doesn't want to buy any more properties and "it's no wonder all REIs need to keep their day job!"