@Guillaume D.Your "flipping" should be viewed as an active business - the properties are inventory, your proceeds are "income" - which should be viewed as any other active business (software development, retail, etc).It's been a long time since I lived in Québec and banked with la Caisse Desjardins, but in general I find les caisses to be much more accommodating than the banks .... though Desjardins is so large now it effectively is a big bank.If you can partition your active (flipping, property management, etc) operational income from your passive (buy-n-hold, writing notes, etc) income, you should be able to demonstrate to your bank(s) that you have "true business income" Even then, they will likely want a personal guarantee.

@Guillaume I understand that.

@Guillaume D.

@Guillaume LechatYou can ask the insurance company to help with mitigation: most have their vendor network.If it had heavy smoke damage, you will be hitting the entire place down to the studs.Likely you can salvage some of the contents and get them cleaned ( insurance company can assist with vendors who are vetted)The studs will need to be encapsulated with an oil based primer.Run an Ozone machine to kill any remaining odors.Commence build back. ( insurance can assist and or you find your own contractor to assist)

@Clodiane Guillaume Welcome!

Hi @Guillaume D.When is the next meeting?

@Guillaume Rouleau I'm not so sure that a separate LLC for each property is practical, but I can tell you for sure that such a plan would be expensive.

Hey Guillaume,You have listed all very valid points and concerns.As far as the benefits of investing in Cleveland Yes on lower prices (on the right deals), Yes on high rent, Yes on low vacancy rate.

Quote from @Fedna Guillaume: @Ryan Lesley Hello, I am interested in Colorado and would love to connect Hey Fedna, glad to hear you're interested in Colorado, Ill shoot you a message here shortly.

Guillaume, first buy in 2011 with a triplex, waited too long to buy a 4plex in 2015, added a unit in the basement for too much money (100k) but refi in 2018 to get all my money back.