Look at the Foreign money moving into the Pacific NW and the effects of Chinese Monetary policy.

However, I will say that LLC is not recognized in Canada and deemed a foreign corporation, resulting in unfavorable tax treatment.  

@Nate P.Your profile hints that you are living abroad.If you are a US citizen - you want to make sure that the CPA you work with understands the foreign earned income exclusion(FEIE).If you purchase a property and are expecting valuable feedback on how that property will impact your tax return, you will need to provide a rough profit and loss projection(rental income and expenses) along with purchase price to have a conversation with your accountant so that they can provide you good feedback. 

In many cases an out of state LLC, also referred to as a 'foreign entity' simply needs to register in that state to do business.

@Judd CampbellThe rentals are located in the US, so the income is not considered foreign income.

For any cross-currency bookings, the guest service fee will include additional charges which could be as high as 16.5%. 2.

or register the AL to the PA LLC, for which I will need to pay foreign LLC fees.I understand the benefit of having separate LLCs for each property, but I am wondering which option will be cheaper in terms of fees in the long run? 

In particular would be great to connect with others in the Miami/FL community as well as people with experience in foreign investing (I have interest in South America for long term value creation).  

I believe a lot of it is from foreign investors looking for appreciation.

The statutory definition of securities is as follows:The term “security” means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a “security”, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.