Dave Currence - I was researching and wondering the same thing.

Cold only wash is a foreign idea to me, your tenants may think you are cutting corners unless that is something common around you. 

Foreigners Buying in the US. 

You can always file a foreign entity in each state you are working in

Call me crazy but when buying real estate with cash I see it as a currency transfer. 

We have low inventory issues - foreign cash buyers - a rising economy & low interest rates with a pro-property president - having said that the norm of 7 year bull and 7 year bust cycles has already been jinxed & there are still newer local markets in some states where appreciation is on the up due to good schools - demand vs supply & high median income.

As a foreigner what is the tax rate for renting property?

Add in the mix the foreign investors who love Australia and its stability to park their money.Should there be a nasty recession or a significant hike in interest rates, I bet this will be the biggest crash in history.

He does need to meet with each Foreign National client face to face at least once. 

But remember that clause in the lease about how the tenant is responsible for foreign object blockage in the plumbing system?