Hello,             I am a foreign investor and don't have any knowledge about Detroit.

Ashlee, Friends tell me that foreign institutional money (specifically Shanghai) has been dumping boatloads of money into the southeast side.

After talking with him over the holidays while he was in town, he has changed his strategy and decided to invest in Ohio (given he has family here, so the area is not foreign to him).

You're going to have a harder time using traditional financing if you are a foreign national (larger down payment & stricter guidelines).

It is curious, I thought you could get a conforming mortgage.As foreign person, you can try HSBC mortgage, otherwise US micro-banks (the smaller, the better) have portfolio loan department and will lend to foreigners.Cash on cash return is an affordability and solvency measure.

(Check is just a promise to pay, not a currency).

I would form the LLC in the state that the rental is in, otherwise you'll have to register it as a foreign LLC and pay the additional fees anyway.

ML/O should work for foreigner, thats the next question.It´s gives so many good MFH for sale in the US and I found no one with ML/O.

This is the problem as most foreign companies who sell US properties are not ethical.

Meni BenishI left Georgia 28 years ago and immigrated to Israel as 10 years old kid. i am in the online marketing business and doing well.I was invited by my father for a business trip in to Georgia, which is between Turkey and Russia, on the Black Sea beech.To tell u the truth guys, I was totally shocked out of the development and the amount of new buildings and amount of foreign investors I met in the Marriott Hotel in Tbilisi.I made a small research and found out that most of them are there to find out about real estate opportunities...During the last year, I got involved with 2 different partnerships, and started a huge business of Constriction, Property Management and Capital management in Georgia.We already invested more than 10 Million USD in Georgia, in 4 different projects, and the prices are just raising day by day.We can currently offer apartments, agricultural plots, plots ready for constriction, projects with full building permits, Tourism projects and more.We have local partners, local low office providing all the needed services for our investors.I will be at your service!