Cashflowing properties are far and few between here in Canada, especially around the GTA ( greater Toronto Area)but i'm looking to getting into some deals as an investor and partner up in some joint ventures , as well as get some capital investors to help me in getting my journey growing as well .I still plan on investing in Canada unsing multiplexes and you never know also partnering up there as well.I'm currenly looking at deals in Ohio, Flordia, Arizona, Atlanta, Baltimore, I just need to get  started.

Reporting is the key to making sure you don't end up in a situation where you suffer substantial losses.  

They must pay income tax as they earn or receive income during the year.Estimated taxes – If the amount of income tax withheld from a taxpayer’s salary or pension is not enough, or if the taxpayer receives income such as interest, dividends, alimony, self-employment income, capital gains, prizes and awards, they may have to make estimated tax payments.Self-employment tax – This is a Social Security and Medicare tax.

As such, you will be reducing your potential investment capital by a large amount. 

Sounds to me like the landlord has had a bad experience with tenants trashing houses and wants to cover himself/herself in case of losses.

Essentially Partner B is building all of the sweat-equity into the property.So the question is, after both parties have been paid back their initial capital investment, in your opinion how should the ownership of the property be structured on a percentile basis?

I have had 4 offers for around 9000 for each house to buy, but just didn’t have the capital of my own nor a PML or HML to do the deal so I passed.

Lima one capital would be my first call. 

As a lender, we use 25% for vacancy/rent loss, management, and maintenance. 

For me the Capital came from us working our butts off and saving all our extra cash & figuring out some creative financing methods.