Holding Corp, Lamens terms

[Evan McLeish]

Dear BP, Im on my way to 5 rental properties. Would like to be Financial independent  by 10. Should I start a holding corp now so I can pay myself a salary to show a t4 ?

I have friends that have not started a paid salary early enough and are  now having trouble getting residential mortgages at 20 percent  down.

I have other friend that is not paying himself a salary and purchased extra liability insurance. Getting mortgages problem.. using diff lender.

I understand lenders vary , just trying to set up the best scenario. I would like to continue to 16 properties SFH then move to large multi.

Please keep.this simple as.possible... lamens terms.

Thanks