Regulations include property related laws like the time and cost of evictions, rent control, code compliance requirements, etc.I created a graphic that illustrates the process I would follow for selecting a location/property that meet the above criteria.

65% increase in corporate bankrupcies,no biggie?

One of the things I learned long ago in corporate leadership classes is that attitude is irrelevant. 

Will be taking notes to begin implementing - plan to incorporate action steps into my 90 Day BiggerPockets Challenge.

I have a few options that I am thinking about Setup an incorporation in Ontario/Federal with them being a shareholders (foreign)Setup an incorporation in Ontario/Federal (called it ABC Inc) and another incorporation (call it XYZ Inc) in their country with them being a shareholder.

In the end, we would like nothing more than to incorporate wholesales, renting, and flipping into our investment company.

I think I have to start from my last tax return and go from there in order to incorporate correctly the debits and credit in the accounts.

However, you've made very good points and we will be incorporating them.

Do I need to be incorporated to start or can I start as a sole proprietor?

That's because that very simple model can answer that basic question, but can't incorporate my other personal factors.Here's my more complex model.