depends on the project and sophistication of the sub...1.

While the title may sound sophisticated the process is really not.

You would need to pay yourself a reasonable salary in the S-Corp (including related payroll taxes) however, this is usually better than subjecting your net profit from the business to self-employment tax. 

If a property ends up on LoopNet in a good market, that property almost guaranteed has already been sent to a handful of sophisticated buyers who passed on the deal.

The sophistication of these tenants and how they run their businesses and operate changes drastically REGARDLESS of what they lease says.

Creative options to reduce monthly debt servicing will continue to grow, which means investors should get more sophisticated with their underwriting tools to determine which terms are best suited for their needs.

With an S Corp you will be required to be on payroll, but can take distributions from the company that are only subject to income tax.There may be additional relevant information that I don't know, but on first glance that would be my recommendation.

So are you saying that if I discount CapEx from my cash flow calculations, à la this article: https://www.biggerpockets.com/renewsblog/2015/10/1...then I'm "ok" without the more sophisticated analysis?

It is my understanding that the tax advantages of an incorporated real estate holding company for buy and hold investments do not kick in until there are at least 5 full time employees on the payroll as this is the point that the CRA considers real estate income to be active as opposed to passive.

This is a newbie question (I suggest not buying anything for 3-6 months)... there is a lot of debate to this but sophisticated investors maximize leverage as long as you are cashflowing.