While I would agree that your proposed business practice looks like a great way to minimize your risks, I think you're going to have a real hard time finding contractors willing to adhere to that.If you're worried about getting taken, then buying the materials yourself is one of the better ways to mitigate the risk.But you're going to find very few contractors willing to start working without any payment up front - even if its for labor only.At some point, you really need to take a leap of faith when doing this.To me, the best way to mitigage risk is to break up rehab jobs into smaller pieces and pay as you go.

Often, service of notice to vacate papers (terms will vary in different states) will achieve the desired result (voluntary move-out) with minimal expense.

The best part of this is all the people you know buying flashy things will need a place to rent since the sneaker investment offers minimal return.

Private lending is a relational and case by case basis often.HMLs are doing this professionally so they will have stricter guidelines but they aren't always going to be set in stone since, unlike a bank, they won't want to miss a good opportunity that doesn't fit a particular set of check boxes on a form.That being said if you want to get a loan with minimal skin in the game you will have to have something amazing.

If you find a quad that has great rental history, and minimal deferred maintenance, then you will be pretty safe.As a rule of thumb though, and what some banks may require, is a 3-6 month reserve.In your first MF, they do not count rental income as a source of income until you have 6 months experiance as a landlord.

There is a way to set up any LLC through US and Canadian C-corps, so that when you claim the earnings in Canada, the taxes can be minimized.  

@mary just as Zaid said, they said its risky because we have too rely on a tenant , but I'm learning that RE is a risk in itself, so I'm learning how to minimize that risk

Our goal for the project is passive income so we are trying to maximize the amortization and minimize our interest rates.

I (being a RE agent) showed the property to a client and immediately realized the potential with very minimal work, strictly cosmetics.

That way if my whole portfolio came crashing down, my employer sends me kickin the can, then I have minimal out of pocket expense.