Hi BP, My partner and I are working through what structure we should set up and I'd be very grateful for suggestions and advice from anyone who has set up a similar plan. We will be buying, rehabbing and holding 2-4 u...

Can I create an LLC, partnership, corporation or some legal entity to buy the property as an investment property? 

And as @Tracy Streich has stated, forming a real estate company can have significant unexpected costs that can include insurance for the business, payroll taxes if there are employees, attorneys fees for forming a partnership agreement, accounting fees, and so on.Perhaps an alternative may be to pool your properties and shop for a good property management company who will take care of all of you.

It would be hard and expensive for BP to police these people and I'm sure they're putting in a good effort.My plan for now is to keep up the hustle and grind and hopefully my success will draw the equity partnerships and private money lenders to me.

You can’t change an LLC to an S Corp. you can make an election to be taxed as a C Corp, S Corp or partnership but you can’t change it.You can file a new Corp and transfer the property. 

All in all, is there any way i can find an investor who will purchase the property in a partnership agreement and give me the money to perform the construction (cost price obv.) and flip the house for $900k?

Has any one in bigger pockets done this type of partnership before and if so please share your experience

Yes have thought of patterning, but I've only had examples in my life of things going south with partnerships.

Hoping to meet some other Ontario investors/agents/accountants to create new partnerships and discuss new opportunities. 

If you are talking about a flip, some newbies I know offered to do a JV  (joint venture partnership) with the lender and agreed to pay the lender a high percentage of profits after the sale.