@Mark SmithWhether you do this as a partnership or form an LLC/Corporation you will need to layout the partnership/shareowner/operating {pick your favourite version} agreement at the outset.  

Hello, BP - I'm looking for a tax/legal professional in the Raleigh area to discuss my upcoming real estate gifting situation.My mother-in-law (non us citizen) is about to gift my wife (dual citizen) and I a fairly valuable property in a foreign country.

Buy and hold etc etcFor me being a foreigner (United Kingdom) my concern is my lack of accumulated credit in the United States.

I've seen the judge snap at foreign buyers who, for example, were struggling figuring out what their next bid would be.In general, a fair number of properties didn't sell (as in, no one bid), or for whatever reason were postponed or didn't happen despite being on the list.

I equate that to the access of information like Brian was talking about.. in my day the information had to be dug up.. now its on line for everyone and their brother and I would suspect in your market ton's of foreign dough on top of it.

I am going to start my first JV with a foreign-owned LLC soon.

My research shows that foreigners can get a mortgage up to 50% LTV for 20-25 years.

Can I 1031 investment properties in the US into investment properties in a foreign country like Belize??

I really cannot imagine a Texas court "piercing the series" and simply disregarding the statute like that, but I suppose you never know.There is some concern that states that do not permit series LLCs may not recognize them in those state courts--but again, how likely is that, that a foreign court would simply ignore a business organization?

With the amount of foreign investment going into NYC, I can't imagine it not getting noticed by the city Treasury.