I have a lender that works with investors and foreign nationals, I am sure she can find a solution for your situation.

Hi Patrick, I have worked with many foreign national investors. 

I don’t need to invest in foreign real estate etc, and I’m not looking for tax avoidance.

I asked Pace Morby and Jamil Damji this question and legally, yes you have to operate as a foreign entity in every state you're doing business in.

I believe the requirement is 25% down for foreign investors.

I am basically a newbie but have some experience in a foreign country (Brazil).

@Phil Petite Forming an LLC in Tennessee is recommended if your rental properties are located there, as it simplifies legal compliance, avoids the need to register as a foreign LLC, and aligns the LLC with Tennessee's laws for property management and tenant disputes.

As a foreign investor, I can get financing up to 80% for the purchase of real estate, so the biggest problem for a more serious project is down payment if you have a solution for down payment, please suggest me. 

Originally posted by @Eddie Torres:@Natalie Kolodij Standard or foreign LLCs in California still cost $800 annually unfortunately.  

Otherwise, you may need to register as a foreign LLC in that state, potentially doubling fees and paperwork.