They are buying NNN single tenant or NNN multitenant retail properties in TX, OK, SC, NC, GA, FL, AL, TN - the states to which the population is migrating and that have business/real estate friendly governments and lower taxes. 

It seems like there was a lot of hype at the government level but owner/occupied demand hasn't been what they thought it would be.

In Minneapolis, are there programs in place from non profits and the government to aid first time home buyers with costs?

takes time and experience and credibility and License to do this ..

Something to watch if you are mindful of the government being over-involved in nearly every single LLC registration.

One other market-wide factor I’d throw in is local government policies.

Would like to do more ponds on our Country Subdivision projects here in Iowa, but the Corp of Engineers governs these, and this same pond would have cost $80,000 to $120,000 for the "Right to build"; not to actually build here. 

Ask yourself, why would the federal government pay MORE than market rent and waste our tax dollars?

Some condos are non-warrantable meaning you have to use non-government backed loans.

And here is a PDF explaining it for both Fannie Mae and Freddie Mac: https://www.radian.com/-/media/Files/Enterprise/Training/QRG...Understanding Foreign Income Foreign income is defined as income earned by a borrower who is employed by a foreign corporation or a foreign government and is paid in foreign currency.