Small crowd funding process in Canada

[Shibashis Dutta]

I believe this must have been discussed multiple times over the years. and I don't want to reinvent the wheels. looking for guidance or pointer how to start.

not sure whats the name of this strategy.  is it smaller version of crowdfunding. ? i want to keep the group small. not like industry scale crowdfunding.

if I can find a property which has okay cashflow (which is hard anyways). and can collect around 10/20 people who wants to invest some cash each.

I build a company to own the property and give each person a share. and give yearly dividend to each, until sold. Does it sound like a plan, what experience advice here. 

Is it legal in Canada, how should I approach accountant for the process.

 what are the things that I need to look into in this process. 

excuse me, if my questions are very open ended.