I live in northern Canada (so I understand there are legal differences from our neighbours to the south) and would like to start a real estate investing corporation with a few coworkers.We would be a group of about 5-7 individuals investing in Canada with options to spread into the States if things go well.What I would like advice on is what kind of verbiage to include in our contractual agreement (bylaws, unanimous shareholder agreement, etc.).

I know I wouldn't want to rent to those individuals.

In 2018 it’s probably a better indicator of a bad neighborhood or something situationally malicious IMHO

@Ashish Acharya I didnt know any better and always created a new llc for new purchases; I assumed these 3 family homes would have more individual protection in th event of any lawsuits.

@Larry HawkinsThat cap rate appears to be an unstable C-. 2 bedroom for $500 is another indicator

Should the property owner pick up the interest expense even though the mortgage company issued a 1098 to the other individual?

You may have one individual within this company that represents you (the buyer) and a separate individual that represents the seller, but they are ultimately working together to get a deal done and collect a commission. 

Since I'm technically borrowing 100% of the purchase price by taking the down payment from the HELOC (rather than the 75% loan against the subject property) I guess I could indicate 0% downpayment and create some sort of blended rate that represents the new 1st mortgage against the rental property and HELOC payment.

You just have to sign up for an account and upload to each site individually.

., a industry specific cal center and "boots on the ground" (an individual who is local to the property who can perform the needed onsite tasks).