@Tajinder Kandola, in most cases the 1031 property has been held for more than a year thus saving you the 15 - 20% US capital gains tax.What is usually more of a concern for foreign investors is that regardless of the potential gain, the FIRPTA act require a withholding of 15% of the sales price of the property.  

I drive a 1993 Oldsmobile royale with 98k miles that i got from an old lady for cash. and im currently Looking for the same situation but with a 4 cylinder foreign car.My dream car is a lambo but it will be twenty years before that makes any sense to buy.

With as many people here who post the "read the site" replies the only thing they are doing is mostly speaking a foreign language to an inexperienced, new investor because the information on the site is scattered and not in any order to get a new investor from A to Z without first confusing them.

We had a Foreign National client who owned three properties free and cleat in tenn. 

They're a foreign company and not very easy to work with.

Of course that's a big IF here in CA since multi's have been absurdly bid up in price from foreign money inflows.

I am hoping a foreign real estate tax expert can help me on the top of foreign mortgage tax payoff gains, also known as section 988 of the tax code.I purchased an investment property in Canada in 2013, and financed the property with a Canadian mortgage.  

Meena Price , of-course consult with your attorney and CPA but if your LLC does business in PA, it will need to be registered as a foreign Corp in PA and pay PA taxes.I don't see the benefit of of have a LLC registered outside PA unless you believe the business laws are much friendlier, which is why some people choose states like DE.Some people deal in their personal names and carry an umbrella policy for liability.If you ever want to get a mortgage from a bank, most will not lend to LLCs.

The catch is both the buyers and seller is foreign national.

Law enforcement will confirm fraud as well as the bank but most likely it will be from some foreign country unknown  person