The NAIC—the National Association of Insurance Commissioners—is the regulatory support organization created and governed by the chief insurance regulators in the United States.5.

Cost of capital is high right now. 

This defers capital gains and depreciation recapture taxes on the sale of your fourplex.After converting it into your primary residence, you may qualify for the primary residence capital gains exclusion ($250K single/$500K married), but only for appreciation after the conversion; gains from the rental period remain taxable.

You can also look into partnering up with an experienced investor, and sourcing the deals or providing the capital in exchange for the mentorship. 

Correct, a foreigner can get a home loan with a bank institution in the same way a national would.

Your problem will be them incurring capital gains taxes simply so you can get a commission.

Are you starting with some available capital or other investments that you can turn into cash to buy a deal?

Youd think this dude who was on national TV for a decade would be reputable.

Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.

If you are trying to compare your idea against REI Nation, you're over your skis.