Given the state of currency wars, current levels of debt, and impediments to widespread economic growth I put higher odds of interest rates being lower in 5 years then higher.

I'll have to read up a bit on that, it's a pretty foreign concept to me.

You need to understand the sellers currency and what they put the most weight on.There might be many more options open on the table than just the ones you mentioned.

I see so many out of state and foreign investors buying in the wrong areas and then have problems. 

These include: The Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Office of Thrift Supervision (OTS) and the banking departments of various states also regulate financial institutions.Traditional Bank Cons:Possibly Lengthy Application ProcessStrict Underwriting Guidelines including financial documents to support debt to income ratiosLonger Underwriting Times that can go between 45-60+ days depending on property.Private Lender Pros:Fast & Easy Application Process due to being asset-based lender.Credit Score less of a factor as the weight is based on ability to make payments and not debt-to-income ratios.Generally quick funding turnaround between 5-10 business days. 

You will be subject to the publishing costs even if you create your LLC out-of-state and foreign file to do business in NY (ask me how I know that :P).The East Coast Real Estate Investment Association (REIA) meets near you in Levittown once a month, on either the 3rd or 4th Wednesday.

Hi BP, I'm a CPA, Berkeley graduate, aspiring entrepreneur, professional poker player, badminton athlete, crypto-currency enthusiast -- now interested in investing in real estate! 

@Ifeanyi Okafor It is possible to borrow funds to purchase, rehab, and flip or hold properties in the U.S. as a foreign-national.

Naturally if they're licensed as a servicer in a state they should also have the proper debt collection licenses.Based on insidearm though it doesn't look like you need a license to collect debts in Kansas as a foreign entity so you should be fine regardless.

There are also many other factors in play that are keeping prices/rents from dropping (ex. foreign cash buyers).