The money spent doesn't make sense vs the increased rent.

I’ve read Kiyosaki’s books, too, and they completely shifted the way I think about money and investing—such a game changer.

I'm not familiar with Canadian regulations but you should look into how you can get access to money if you don't have any.

I am just beginning my journey as a wholesaler with zero money and zero knowledge.

That likely means that they are not good with money management which you are likely expecting from him.To answer your question, if you are doing long-term rentals, the LLC taxed as a partnership is likely the go to route.Best of luck.  

I am brand new to this app, and wanting to connect with people who have done wholesaling with minimal money of their own involved. 

Basically, the money used in this type of financing comes from "Wall Street".

Can't say I enjoy real estate, but enjoy what the money allows me to do :)

It's real estate in markets with population growth, it's pretty hard to lose money if you get an inspection and appraisal.

Let's say you split the cost of furniture over a 12 month period amortization rate.Furniture costs: $583Rent $1500Utilities $150Total Cost = $2233After vacancy costs, your monthly rental revenue is actually only $2240 Formula for vacancy (2800*12)*.80You're not making money.