Hello guys,I am a foreign investor from Canada and looking to open a bank account for my US entities.

Lots of foreign money, big players, and small inventory is limiting options and hoping to learn any alternate game plans/strategies others have for such occurences !

Yes you can, where the LLC is formed is just the home state for the business. you may have to register with the other states as a Foreign entity doing business there 

Currency risk, the chance of being sued, finding a good team (especially a good property manager), not knowing the market in terms of good areas/streets to purchase within, having to rely on others people’s opinions to a certain degree (e.g real estate agents), and the general risk of distance – if something goes seriously wrong, not being able to be there in times of need.

The US being pretty much the only economy that is safe and large enough to absorb massive amounts of capital, so foreign cash, from China, Russia, Brazil, South Africa... floods into the US and invests in both the bond, equities, and RE market; driving prices up and yield down.

You are right that if you created a UT LLC, you would need to register it as a foreign LLC in California and pay the $800 minimum tax to CA. 

Neither of us come from very well-to-do families and so the idea of having extra money to invest is a foreign concept.

Are you sure you can't just hire a foreign VA to manage a lot of these tasks?

I decided (thankfully) to move it out of crypto currency and into my specialty, rentals.

Foreign investors choose properties in Japan, outside of Tokyo, for cash flow and affordability particularly during uncertain times in other markets.