@Bill S. is right on the money.  1031 Exchanges can present challenges due to the 45 calendar day identification period and the 180 calendar day exchange period.  

Save as much cash as you can to make super strong offers.I'm in the 45 days identification period of a 1031 exchange and struggling finding anything that makes financial sense.

.; oOn the other hand, transferring existing property ownership from yourself to the LLC will require a few additional steps.Once you register your LLC, there are a few basic steps you will need to take in order to set up your rental company, such as the following:Obtain a Tax Identification Number (otherwise known as an Employer Identification Number or EIN).Open a bank account in the name of the LLC.If your rental homes are currently in your name, you will then need to file the appropriate deed—usually a quit claim deed—to transfer the title of the property to the LLC.

It has to do only with the 45 day identification list and what you identify. 

Certain costs are non-deductible(Those that are paid towards your specific unit)Will you be able to organize your books so each category is easily identifable?

Hi @Vin Somra - providing information on the upfront and monthly costs you can expect on this purchase as well as verifying that you qualify for conventional financing can be done in short order.

Hi @Nicole Romain, if they have an NMLS identification lender, they are licensed to lend.

Is there anything unique to take into consideration in the legal set up process (getting tax identification, etc) as a foreign investor.i already spoke to a broker about financing, got indicative terms and have the 30% down-payment, but  any recommendations on lenders that are great/flexible for foreign investors?

If you are only being offered the two products you mention, it may be that a) you should see what other banks may offer you or b) you may be applying for mortgages as an LLC, v in your personal name, and thus the products the bank is offering you is more limited.

Given all the scams that tenants have been victims of, it is hardly unreasonable for them to want to verify your identification.