Every investor is their own special mix; with employment status, existing funds, investment goals, geography, etc., all factoring into crafting the right plan solution and the right investment strategy.

There are older neighborhoods where the units need updating, some owners that never did any 'theming' or it was just poorly managed, so value add is subjective to some of those things, but with lower than normal inventory and high demand, there aren't really any bargains as far as price goes, but you can still add value in the property by way of making it stand out, giving great guest experience and improve the nightly rate and review status. 

@David Lee  You cannot consider family status except in towns like mine where the town essentially gives preference to related people.

(Sub prime referred to the status of the borrower. not a prime borrower) These loans are bundled together and sold as securities to investors. 

All newly constructed dwellings of four or more units are exempt from Rent Control for 30 years, as per State statue; however the Landlord must also apply for a certificate of exemption in order to verify their exemption status.

My question is, does this qualify me as "Real Estate Professional" status?

We did not have a need to know a person's immigration status, so we simply did not ask.

Depending upon the status of the seller, in Calif you can be in violation of civil code 1695; buyer's of equity. 

I am not a CPA nor a lawyer, but I believe remembering that in Canada, US LLC disregarded status is not recognized and you will be taxed as a corp.

Call your service, or look into one, that completes background checks and ask if and how they process foreigners.If they do not have a social security card or can’t provide proof of their immigration status, you aren’t violating fair housing laws by turning them away.