LOL  However good bad or indifferent Foreigners make up a huge % of ownership of quite a few of our flagship properties etc. 

Lori says nope we are going in at 6.4  as she had deduced the seller was foreign and bought the home for their 19 year old son to live in while going to collage.. not sure what a 19 year old needs with a 14k sq ft mansion with exotic cars to boot.

The biggest collapse in the world will be when the world reserve currency fails, which is currently the USD.

Bridge, portfolio, foreign national and other specialty loan products.Key Bank, FLorida flexible lender, HELOCs on second homes and rental properties. 90% LTV on primary.

Over a 20+ year career, they purchased properties to live in/around the military base where they were posted, whether domestic or foreign.

Mainly, i have family there that can assist with any issues, i live in California and if necessary could be there in half a day, and more importantly i have a contractor whom i know i can trust on quality and pricing.While not dead set on this, being completely green to investing, i certainly feel this may help me get started and diminish my risks as opposed to say Texas, or the Midwest, where it is completely foreign to me.I know the phoenix market is hot, some would say overpriced, right now.

Is it practical to open it up to foreign investors?

Or let say you want to buy with LLC or you're foreigner, then you will use DSCR. 

The Foreign Earned Income Exclusion influences tax bracket, even though it provides an exemption from taxation. 

A foreign company can not use state courts unless you create the business in the state or register as a foreign company.You will need to create an operating agreement.