But they're irrelevant for taxes.Most state require a "foreign LLC", that is, an LLC registered in different state, to be registered in the state where you're doing business.  

I can say that the foreign investment and out of town folks are cranking the prices up in Cleveland.

I have a condo project in East TN and am looking for a lender to do the Foreign Nationals.

This is something to pay attention to, and you might want to research FIRPTA (Foreign Investment in Real Property Tax Act).

There is bid war for all kind of property.It does not look like any crash in near future as long as Hedge fund and Foreign investors throwing cash money in this market.I dont recommend waiting ... if foreign investor keep investing like this... real estate prices in US will become like China, Canada, Australia, India etc...Mid west is still cheaper market...

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

Imagine what the current market would look like if the fed wasn't pegged @0% and the base currency hadn't experienced a 400% increase.

Depending on your state, that is almost $1000 before even getting started.Pick a cheap state and then do a foreign entity registration to do business in the expensive state. 

Kash Mahdi Larry Smet hosts a monthly meeting in Toronto that you want to attend - Canadians investing in the US.To get you started,Reading material:"South of 49""Fire sale" Both by Philip MckernanTalk to a cross border accountant about entity structure.Setup an account with RBC, TD, or BMO as they have sister banks in the US that can get you financing (you don't need a Canadian account with them but it will make things easier for you).On currency - find an opportune time(s) to exchange funds and have it sitting in USD before you need it.Asides from entity structure, taxes, and financing all other principals of investing "out of state" apply.

On the west coast I've noticed that we attract a LOT of foreign visitors in the summer (being 45 minutes from Yosemite National Park) and Airbnb is very popular in Europe and Asia, so that helps us keep booked solidly.