Prior to the pandemic and the insane price increases Encore homes were being unloaded by foreign investors for 50-70% of purchase price.

If the cause is found to be the tenant's fault (flushing foreign objects, pouring grease down the drain, etc.) then I let them know they will be billed for any future blockages.  

And yes, you must have a high appetite for risk to stomach the ups and downs when investing in emerging foreign markets.

You will need to use a bank that is foreign.

The question is do I set it up as a foreign LLC or just file to get a new Domestic LLC formed.

@Julieanne Zenz, While you may not exchange foreign property for US property under 1031, you may exchange foreign property for other foreign property in order to defer US federal tax.  

Americans, Mexicans and any other foreigner.2.

This is even though I moved from a 4500 sq ft house with a yard into a mere 1400 sq ft condo.But... that wouldn’t even be enough for a down payment for my apartment (50% down for foreign buyers) which is probably worth about 1.5 million, Price to rent ratios here are horrendous.

I was factoring batching the walls and retexturing and painting separately (as part of the cosmetic rehab budget), but soil erosion is a foreign concept to me.

You then say.. here you go you pumbah, read my blog and see all my friggin rehabs.To which the seller will say, OMG you amazing  foreigner you, please take my money now!