Owning properties through LLCs in their respective states avoids the need to register a foreign LLC, which adds costs and administrative requirements.If you plan to acquire properties across multiple states, you could create a parent LLC in Florida and have individual property-specific LLCs (child LLCs) in each state.

Most of us don't think to "diversify" in other fields or arenas, much less in a foreign country! 

Or what about the foreign and criminal funds funneled into the DNC through ActBlue?

I know the IRS asks about entity vs personal members and if they're foreign or not specifically on the 1065 and other tax forms. 

I mean they get done but its so foreign to what I am used to.

People responded by explaining that residential mortgage lenders are looking for US-based customers, who have their residence, income and assets in the States.How do they view foreign debt?

I am happy to provide insight as I work extensively with foreign national investors in the US.

If you are "doing business" in CA, the LLC should register in CA as either a resident LLC or a foreign LLC. 

Quote from @Greg Miller: Quote from @Theresa Harris: BC is not very friendly to foreign buyers. 

Look, I know the whole concept of a 1031 exchnage can feel a bit like reading a foreign language at first, but trust me, once you wrap your head around it, you might never look at property taxes the same way.