I’d really like to explore this route as a possibility if it’s allowed.

Here are some warning signs I’ve come across, but I’d love to hear your experiences:1️⃣ Upfront Fees – Are application, due diligence, or "insurance" fees ever legitimate?

If you ever decide to explore that route, I’d be happy to help and answer any questions you may have.Wishing you the best of luck in this new venture!

If it was me, I'd look at it this way:1) Paperwork: I can hire an attorney at an hourly rate to write up a purchase contract, etc. 

In your case going to a fifth unit as noted above could actually reduce the value, so I'd be cautious of that since that materially degrades their collateral.

If you are open to it, I'd be happy to share more about why these locations are so promising.

If I had enough people to fill a 5 bedroom house I’d definitely want 3.5.

I'd look for mortgage brokers in Canada. 

In addition, if you're actively flipping properties in the area, I currently have time on my hands and I'd be happy to support you in one of your projects in exchange for learning in depth about the process. 

No - but I'd say about 90% of my borrowers/investors utilize an LLC for what it's worth.