@Antoine Black  In general, yes, it goes off your personal credit. 

It separates your personal assets from your business, providing a safeguard if any legal issues arise related to tenants or the property.

The one who thinks that they are masters of the universe in EVERY area of life, has 30 different businesses, claims to be fit as a fiddle, with a life in perfect harmony, shows off huge toys, has 30 different businesses, including selling their time by the hour to provide coaching... this person is not running a real estate syndication business.

I will make that proposal to the person I am talking and see where it goes.

The lot is paid off and deeded to our LLC, but lender will not do conventional loan to LLC for the remaining financing so we'd need to take out a loan in our personal names. 

For comparison, a Navy Federal FCU personal loan will be in the 15s%

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.

IME with due respect to architects they are not generally necessary for simple remodels.

I'm not a professional Tax person.

My recommendation would be to engage an investment property focused realtor (not a general residential realtor) and let that person guide you through the process from pre-qualification to market/property valuation and selection.