Hello,I am interested in starting a transitional home for ex-offenders and came across the Group Home Riches website.

Two choices, form an entity in each of those states or file in each of those states as a foreign corporation (entity) otherwise, your entity will likely be disregarded.As to hiding out and hiding your identity, all you're doing is delaying the process, if you are sued, the attorney simply asks the court to have owners identified if there is some convoluted set up, which the court orders and that may tick off a judge.

Here was an interesting article on Series LLC's and asset protection I found: https://www.corporatedirect.com/c-corps-s-corps/series-llcs-where-angels-fear-to-tread/I'm also looking at investing out of state, which means I either need an LLC (or multiples) in each state I plan to invest, or I can form in Utah and register with a foreign qualification in another state (or something like that).

First off, this is not about hiding assets or evading US (or foreign) income taxes.

. - Most of these investors by nature of the program are foreigners and therefore raising the money in the states is difficult unless you find someone who has the experience (again another fee you have to pay).

In this case, if the property is in RI that's where I would form the LLC.If you were to form the LLC in Mass then you'd need to pay two states annually, Mass (state of formation) and RI (as a foreign entity), which would be double the cost.The only minor thing is that as an out of state owner you'll need 1) a registered agent in RI to be on file with the RI Secretary of State for any communications like annual report reminders, to receive service of process if you were to be sued, etc.; and 2) to register with the RI Secretary of State as an out of state landlord.If you used a RI attorney when you bought the property in RI, I'd inquire if they're willing to be the registered agent for the LLC, and in fact you might even want to use them to form the RI LLC too.If you don't already have a relationship with an RI attorney I can recommend a few, but if you don't have anyone trustworthy in RI who can act as registered agent then you might want to ask the prospective RI attorney if they're willing to be the resident agent before you pay them to form the LLC for you (some attorneys don't want to be bothered as you can get a lot of junk mail).All of the above is just my personal opinion and experience and what I'd do in your position as I understand it.

Also the forex rates aren't slanted in an international's favor. 

I am working on starting a 10m$ equity fund from foreign investors.Thanks Vinod

He is a foreign national and has a good job, great renter but she doesn’t think he could qualify.So now she has given me some basics and I mentioned we could even do owner financing to avoid realtor’s fees and if I were to default, you’d have even more equity and you could sell the property again.

LOLI never said that "all foreign-born applicants" are a protected class.