Depending on your state, that is almost $1000 before even getting started.Pick a cheap state and then do a foreign entity registration to do business in the expensive state. 

On the west coast I've noticed that we attract a LOT of foreign visitors in the summer (being 45 minutes from Yosemite National Park) and Airbnb is very popular in Europe and Asia, so that helps us keep booked solidly.

Hello Fellow BP'ers and especially Detroiters,I am an architect and an RE investor from Israel.Although I have been involved in the building industry for around 20 years, (mainly as an architect but also with RE inves...

Foreign Investors who use real estate agents as property management and then try to relinquish real estate agents responsibility when they fail to ignore the laws.

I hope that anyone can benefit from the insight that a (foreign) architect can provide.Best,Arturo

We are in the very beginning stages as this is completely foreign to us, but have had great success in beginning our education process thanks to the hours I have spent on BP between forums and the amazing Podcasts I cannot seem to put down.

There are many lending options available besides traditional finance that makes being a foreigner irrelevant somewhat.If you can partner with a good team on the ground, that makes all the difference.All the best!

It's not like your state is foreign.

Down here we have lots of foreign money buying up anything they can get there hands on, driving up prices on everything.

For example:https://www.biggerpockets.com/forums/311/topics/717755-foreign-investor-how-i-turned-500k-into-2mI believe as long as you have clearly defined investment objectives and a solid local team, you'll do fine.