There are factors other than income and credit that could play into a decision. 

The rate will have the risk factored in but as long as the deal works with it.However I am unfamiliar with lenders in that area of the country.

And neighborhood was a major factor. 

Out of high school my goal was to become an architect and interior designer/decorator, but when I finished my associates degree, the solar industry fell into my lap and I ended up becoming a Project Manager for a solar installation company over the next 7 years.

Step #3: subtract the cost that a developer allows for for knock down and re-designing/approvals.

We help the foreigner (individual or company) to buy the property, then we renovate (I have two interior designers/project managers in house), then we rent to other foreigners fixed to hard currency (mostly USD but sometimes EUR), then we manage the property.

Many factors go into a decision like this for me.

Some examples of bigger ones are Bremer Bank, Sunrise Bank, Deerwood Bank, BMO Harris Bank, First National Bank Hastings, Community Resource Group & Citizens State Bank, but there are hundreds more.I just want to be clear that I would not chase the LLC designation to get the property into an LLC. 

Whatever you do, try try try to keep in mind that this is not your personal residence and not a TV design show.

The LTB is designed to frustrate the landlord and protect deadbeat tenants.