Foreign investment has shifted to other places already.

I don't want to swing a hammer or plunge a toilet and the whole idea of collecting rent  or taking folks to court when I could be putting a loan together for an investor, closing and getting paid is completely foreign to me.Read "Strength's Finder" by the Gallup organization and it may give you direction of where your strength's lie.Best of luckStephanie

A combination of foreign cash investors and the growth of things like biggerpockets have increased the demand artificially.

There's a reason foreign investment is always on the coasts.   

Foreign investors are generally limited to purchasing condos and the like, and aren't allowed to purchase any land unless citizenship is obtained. 

Your Australian account will also need to be familiar with foreign income for your Australian tax return. 

It'd be nice to offer west coast and foreign investors access to these kinds of markets, professionally managed and with as much risk mitigation as possible.

Also, do u find your competing with foreign investors often? 

I would like to find out what are the minimum requirements for a foreigner to apply for and own property overseas. do the same lessons that we have learnt on the biggest pockets podcast still apply to foreigners lessons such as the no money or low money down deals if so how can we apply for such as I would like to know the goals I should work towards.

The cost of creating an LLC being "cheap" is not something you should consider, you should create your LLC in whatever state you're planning to buy your properties, otherwise, you gonna have to file some foreign affidavit in every state you own property in.