But you need a lawyer fast!

As a Swiss/ foreign investor, I believe the most important is to get in touch with a lawyer/cpa in switzerland (I guess a good "Treuhaender") that can tell you exactly what the additional costs are for you as a foreigner to buy in the U.S.Please keep me in touch once you found out more about the specifics.

Your home inspector may even have a part of this faulty installation by passing this installation in an inspection report as well as the lawyer who accepted the report that he used for the closing.

There are several things that you can do to help yourself and keep your legal fees to a minimum (I'm not a lawyer and this is not legal advice, just discussing what I would hypothetically do in this situation.

PM's want 10% of the Rents and charge you for each telephone call, like my lawyer and $100 for each letter.

My lawyer & mortgage broker assure me this is commonplace & secure, but it's a brand new concept to me.

You should consult with a lawyer to determine how to best utilize the legal protections of an LLC. 

@Rasheed Chahal - If you're looking for someone who is familiar with real estate tax laws for foreign investor shoot me a PM and I can put you in touch with my lawyer.

Chris Goodson also is lawyer/investor and have meetup as well in Montclair area. 

I've also worked with lawyers that bring a lot of value, but they charge me fees for their services when I need something done.