.), then I can see markets declining, but the larger markets (LA, SD, Bay Area) are also getting foreign money and investors that are parking cash from their corrupt governments. 

They have a great deal of latitude on what they insist you pay, and what you actually work out in payment.Providing, that they are not a corrupt department, and most are Not (Some are quite political, with very "Selective Enforcement") Code officers and department would appreciate have a Foreign Landlord, who is in contact, works towards substantial compliance, and who they know they can trust to resolve an issue.That usually takes time and money.You need to explain , to them, that you "had a Terrible Property Manager, and have since changed and expect it Not to occur again."

Majority of countries offer possibilities of buying houses and apartments, which is not what i'm looking for.If anyone has any idea or heard of any place that allows foreigners to purchase LAND somewhat painlessly, please let me know. 

We're looking to purchase a 19-unit multi-family and have a foreign investor (from Spain) who is a very close friend that wants to participate in the investment.

Long story long about realtor relations:I'm in a less competitive market than most, but not being able to find a supportive realtor is foreign to me.

Friends, I am foreign service, not military, but a quick shout out to my DOD brethren - especially those with whom I had a chance to work so closely during SG17 this summer!

Hi Gideon,If you wish to minimise your FX risk while you look for properties one option is a bank that offers foreign currency accounts.

However, there are companies that specialize in foreign investments.

Do I have to create a LLC or Corp to buy & rent real estate as a foreigner?

Then found a foreign investor who purchased 2 units at retail.