You can't exchange into other foreign countries from a property you own in the US.

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks​​.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.Housing Market: 77008 features a higher percentage of family households (52.39%) and married-couple families (44.77%), suggesting stability and potential for property appreciation.Digital Advertising Demand: Houston Heights apartments (77008): 50,000 average monthly searches.

What is your favourite world wide market?

To intentionally reduce the leverage more than required is a foreign concept to me.Best wishesDan, financially you are, of course, correct.  

@Yuval ManorWe have partners who are foreign investors.

Thanks @Remington Lyman.Salvatore - as a foreign national there are some constraints for sure.Happy to walk through some options to see if we can assist.

In my case I have a house in Minn owned as a foreign entity in an Ariz LLC .

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.

So, if you create an LLC in another state, you will likely need to register it as a foreign LLC in California.