Conversely, if your plan is to be more hands-off than on, either go with a turn-key offering or find yourself a local partner in the area of the U.S.A. where you have chosen to invest.

you can track it back to the CRA and everyone should own a home mentality of our politicos . then add Wall st poring sub prime loans  into A grade bonds and you had a disaster no doubt..its really a miracle in a way we got out of this.. and maybe we just put a bandaid on it.Canada though with so many natural resources is always going to be fine.. just log some more timber.. extract some more minerals or keep plowing through the Oil Sands.. 

Thank you in advance  Hi Kelcee,I like green pressboard classification folders.You can get them with different amounts of tabs.Then label the tabs however it works best for you, and however you keep records.Such as if the property is in a high wind area with frequent shingle damage, you could have a tab just for roof repair receipts, or if not just have a tab for all repairs.The tab names you choose should be chosen to make your life easier vs. just throwing everything into a shoebox, and having to sort through everything later to find what you need.Good Luck!

How the profits from that revenue is distributed will depend on what tax structure you have chosen for your LLC. 

LLC Fundamentals.The State chosen to create an S-Corp or LLC is typically based upon the tax treatment of the entity - - Delaware & Nevada are the most common.  

Also , if BRRRR had been your goal at the beginning, would you have chosen to rehab it differently in any way?  

Most of my clients in commercial real estate are very high net worth clients.They are very good at their chosen profession or the businesses they own.

They know that they can go this route and they've chosen not to. 

I have chosen to invest rather than hoard cash.I would not leave cash in a property where it can not earn a acceptable return.

(Hey, I saw this property and think it might be a fit for you, etc.) ...You are aware that your chosen agent does not really have any other business in the types of properties you are seeking, and yet you have that type of thinking that is in that quoted snippet?