What should I look for when renting to foreign nationals?

@Wesley HenryI work with a number of foreign investors, investing in Florida and I would suggest first off that you speak with a CPA that specializes in foreign investing in the US real estate.

Need a recommendation for a good accountant or cpa who is familiar with foreign entities, note investing, and rental income.

Thanks guys, that makes sense.I guess I'll consider the roof replacement as part of the total cost and the rest as operational expenses.If I may, I'd like to know what is the max income tax exemption in the US (I'm a foreign investor).

The Missouri costs look to be $25 for name registration and $50 for submitting and possibly another fee for registering it as a foreign LLC.  

I have some opportunities in the Yucatan Penninsula but am hearing everyone purchases in cash and there is no financing available, especially for foreigners.  

I have just few SFs here, but it's my first time investing in Mexico, so looking for a savvy CPA EA now that I've added a foreign asset to the real state portfolio. 

We're seeing a lot of foreign and out of state buyers snapping up large tracts of land throughout Illinois. 

Or do you have your corporation(s) where you do the bulk of your business, and then, for where ever you do a few deals, simply register as a "foreign entity?"

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