I grew up in Southern RI (Richmond), and went to URI in Kingston, so Providence was somewhat foreign to me (30 minute drive in RI is drastically different), but have been to downtown quite a bit, Wickendon Street, Federal Hill, etc., just not the Mt.

I have plans in the future to broker mortgage notes to foreign (European) investors. 

I am trying to find out if this arrangement requires us to file as a "foreign" qualifier, and therefore have to pay the "foreign qualification" fees in Delaware.Also any suggestions on a better arrangement would be greatly appreciated.Thanks

If a foreign citizen purchases property in USA under his/her own name & then rent it out or do a land contract and the tenant/buyer sends him a cheque which he deposits in his own country and pay taxes in his own country, how will he report it to IRS because he doesn't have a SSN or any tax #. 

As a Swiss/ foreign investor, I believe the most important is to get in touch with a lawyer/cpa in switzerland (I guess a good "Treuhaender") that can tell you exactly what the additional costs are for you as a foreigner to buy in the U.S.Please keep me in touch once you found out more about the specifics.

I am not a tax person so please consult one nor am I an attorney so check with one as well but what I can gather is that having an LLC in the state you are doing business is best because any foreign business will need to register with the state the property is in and will be subject to their laws anyway.

For me, here's the process out of the gate, which it sounds like is as foreign to you as it was to me.

Some countries imposes various limitations on how much money you can wire to a foreign bank account. 

If I already have one in Texas, would I have to file as a foreign llc in said state?

@Rasheed Chahal - If you're looking for someone who is familiar with real estate tax laws for foreign investor shoot me a PM and I can put you in touch with my lawyer.