If the owner of the property lives in the community, the rent that is being paid to that owner is much more likely to be circulated locally. If the rent goes to a foreign company, it's removed entirely.
Upkeep and maintenance would also occur regardless of who the owner of the property is, so it's not like they're creating "new jobs" because it's foreignly owned.
If the extraction of rent over the long term is an issue, do you also consider the extraction of mortgage interest by out-of-state entities to be a similar problem? This is how investments work, people inject money in now, in the hopes of returns later; the hope is that in the meantime, the locals benefit, and are able to create the foundations of longer-term success.
If the owner of the property lives in the community, the rent that is being paid to that owner is much more likely to be circulated locally. If the rent goes to a foreign company, it's removed entirely.
Upkeep and maintenance would also occur regardless of who the owner of the property is, so it's not like they're creating "new jobs" because it's foreignly owned.