@Michael E.

He says "I know it isn't ideal."

Personally I’d think you’d be lucky/happy to get the $2100 but I deal with a dozen properties, not hundreds or thousands.

HiI have W2 income and short term rental income reported on Schedule E.

But there are very few areas where a $750k property make for an ideal rental.  

Ideally you can find a place that is structurally sound but needs some cosmetic fixes that you can handle gradually over time to increase the value of the property and monthly rents.

You can add an LLC or S-Corp later.A single member LLC and an S-Corp can be included on Schedule E of your personal return.

I've also seen that there are some private and hard money that would do loans to foreigners but they seem much more expensive and they would probably kill the cash flow from the buildings i am looking into.The duplex I own I paid for with my personal line of credit but that limits my buying power by alot.The main reason why I invest in the states is simple, in my area in Canada, gross rent multiplier is about 16-20x, which is not ideal for cash flow.So my question to you is this: does anyone think that it's worth it to get loans with higher interest rates and just go with my initial strategy?

Ideally in the DFW area.

If your LLC is a single-member LLC, then it will be disregarded for tax purposes, and you will report your rental activity on Schedule E and your real estate agency on Schedule C of your personal tax return.