I learn quickly but even more so I'll learn even faster with my own money involved :) Currently am working with foreign investors to give them returns on properties we take on board.  

@Robert MelcherYes,I have gone through the list on HCAD and lo & behold the foreign owners are all managed by the same company & all purchased their properties the same year - couple months apart. 

So don't rely on what I say as legal advice or guidance, since I know not of foreign states like CA.

I do not live in Florida and have never even has been there but it's changed immigration of people that have lived in this country and foreigners could change your environment.  

If you need help, please PM me.Btw, we have over 100 clients from Israel so the contractors and agent are well versed in working with foreign buyers.

We are competing with foreign investors that mostly want capital preservation, and are happy with 3-4% cap rates.  

I found that land ownership was tricky in many countries, with foreign nationals being banned from property ownership outright in a few locations.

I know that I would have to register my Delaware LLC(example) in Illinois as a foreign LLC to do business here and pay the fee.

I'm not certain if the capital gains tax exclusions apply for foreign nationals.

That person then steals something that he has access to, say the money in the Bank Account, takes out a loan on the property, falsify a Deed Transfer to his name only, sells the property with out you knowing, etc.Then he takes the money and runs to a foreign Country like Russia.Funny, but I know a group of Investors where that sort of happened.They guy almost left, but was caught by the FBI.Even if they don't run away, they still commit fraud and cause you to sue them.