I have also noticed that if you ask the average citizen here most have never thought about real estate as an investment vehicle or even as an investment category and it is mostly foreign investors that are implanting the idea of viewing real estate as an investment vehicle and as a way to create wealth and reach financial freedom.

My favourite type of house to buy is the old bilevel entry BC box, 3/2 up and a great room and 1 bath down.

Hi Paul,More paperwork and tax situation will be more complex if you form the LLC in VA or Delaware, but then collect revenue from a source within the District, as it would be considered a "foreign entity" which also needs to be registered with the city. 

Hopefully that correction isn't flushed further due to external/foreign events (like Deutche Bank or the host of EU countries drowning in debt).

You will end up spending the same amount if you seek the service from a reputable attorney/CPA.You will also need an LLC in every state that you own property in unless you plan on registering as a foreign entity and you will still end up spending about the same amount.

They have a foreign exchange guy working for them for a few months.

Furthermore, they are owned by husband and wife investors.This is from the CA SOS website:Do I have to qualify or register a foreign (out–of–state or out–of–country) business entity?

I believe you can create a LLC as a foreign "entity"

(The best thing about being a foreigner is that sites do not censor your swearing in an other language).What sparked this rage?

Most of these investment condos are purchased with foreign cash.