,Since no one has mentioned it yet, for any state where your LLC does business like acquiring property, your LLC must either be established in that state or registered as a "foreign entity" doing business in that state (duplication of costs).For any transaction, that transaction will governed by the laws of the state where the property is located, regardless of where the entity was first established.

Bridge, portfolio, foreign national and other specialty loan products.Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.

Originally posted by @Eamonn McElroy:If you are the manager of your LLC, and you are a CA resident, the LLC is deemed doing business in CA My reading of the CA statute is different from yours, it seems. http://www.sos.ca.gov/business-programs/business-entities/faqs/Do I have to qualify or register a foreign (out–of–state or out–of–country) business entity?

But your LLC will probably have to register in OH, because it will be doing business there, and Ohio will ignore the LLC protection if the LLC is not registered as a "foreign LLC."  

Are you trying to re-form your entity as a NY LLC or just file your NC LLC as a foreign entity in NY?

If you acquire an out of state LLC, make sure to check your state laws for foreign LLC.

With only one or two investment properties, and assuming no change in my Canadian income situation, I would think that I would still get the foreign income exclusion in the US but am curious if the State income taxes would take a big bite out of any potential profits. 

.👉10) Great Inflation Hedge As inflation levels began to ramp up and the purchasing power of each unit of currency begins to take a hit, investors may be wondering how they can avoid this monetary backlash and avoid losing value on their investments to inflation.

Section 1962(c) of RICO provides that it “shall be unlawful for any person employed by or associated with any enterprise engaged in, or the activities of which affect, interstate or foreign commerce, to conduct or participate, directly or indirectly, in the conduct of such enterprise’s affairs through a pattern of racketeering activity...”143.

So better get a qualified CPA when in doubt, but your first step could be to research govt websites of Cambodia, which might have information on transfer of money to foreign countries.