I have been told that foreclosure is still performed routinely in some jurisdictions (e.g.

This is due to bonus depreciation which allows taxpayers to deduct 100% of qualifying property costs in the first year, in addition to regular depreciation for new construction and improvement.

For non credit unions (regular banks), most typically can establish a deposit account for both domestic and foreign LLCs unless there is something in the banks charter that requires it to restrict its services to locals.

Long story short I went part time limiting myself to 20hrs a week on my regular job in order to pursue Real Estate full time.

There are also private individuals who routinely lend money to captive finance companies to make these loans.Be careful with rent-to-own.

One of my goals is once I have a good roll and passive income that can take care of regular expenses with is to contribute even more from my military paycheck to the point where I can max it out.

They are doing great on appreciation but might have to start putting money in on a regular basis to make ends meet.

I have an aunt in ABQ, and travel to El Paso for my wife’s family regularly, but do not anticipate making trips specifically for real estate to Albuquerque often. 

It can't be any more difficult than your regular job. 

Is this event still taking place regularly?