If its formed elsewhere, you'll usually have to register as a "foreign entity".

Foreign investors and those with deep pockets will park their equity in RE, knowing that there will be growth and thus it's a truly safe investment (unless you subscribe to the Apocalypse conspiricy) .

Foreign investment entering the country inflated the real estate prices so the costs of rehab and building are too high and loans, permitting, cost od doing business cuts into profitability.

I find it hard to fathom they would do all this for 10% of the net profit. and give the investor 90% of net profit.. can't really stay in business that way.Now when I looked at one of the 2 flats they said they paid 150k for before rehab.. depending on where that is.. ( IE south side) that property could be bought wholesale for under 50k.. and then sold to the Aussie for 100k profit.. this would be common .. and then the resale could be to another Aussie or foreigner who does not really know values is paying cash and just believes in what they are being told ... again all speculation on my part... but myself being in the flipping bizz now for a  few decades those types of margins are rock star and not shared with investors like this.. why would you.. you would simply get a HML or partner with a money partner like me and keep not give 90% away to the money partner..

Lots of currency, debt, Trump stuff thrown in there that I don't fully understand at this point. 

Still transacting directly with clients on existing retail properties.If the interest rates rise to a certain point then larger properties will tend to hold and smaller properties with go to foreign investors buying all cash or 1031 buyers with very little debt to put on a property when buying.High cap rates have less down because the DSCR ratios are easier to hit for lenders.

Also consider Hedge funds, foreign investors, local, and other Ca investors have been buying up properties here since 2010/2011.

I have over 10 years experience closing multifamily loans and mostly work with absentee/foreign borrowers so I know the lay of the land pretty well.

I ask this because a foreign accent can hurt your cause with phone calls in our area.You can still find some good deals from one of our local wholesalers, but you need to be careful who you deal with.

Trying to move cash from foreign nationals to US developers.