There is zero margin for error. 

You'll save yourself all the "heartaches" described in this post not to mention wasting a lot of money learning by trial-and-error, and get your business up-and-running in a few days.The key is finding a credible mentor. 

This also helps you stay away from any errors, I had some tax bills come back from several years ago after using Turbotax.

If this is your situation, best to consult a tax professional with specific knowledge of the US-Canada tax treaty.Flip property is taxed as ordinary income (capital gains treatment does not apply).  

That being said, sometimes getting an underwriter to admit an error even if they see the error in their ways is easier said than done.

However, a business that is owned by an IRA is not eligible for S-corp tax treatment.

@Tim Simmons, i was not happy with his service as there were quite a few errors with my rentals.

-I'm open to adding horizontal or vertical lines using wood, adding a MiMo style brise-soleil or similar treatment over the entry and 1st floor windows-I'm looking to replace some of the original facade windows, enlarging the narrow living room windows and the window over the existing staircase.

Even once you get a team setup (realtor/cleaner/maintenance/HVAC/plumber/pest treatment/and more) there is a constant barrage of issue that need attention.

It was my first real rehab or renovation, and I made TONS of mistakes--errors with contractors, security, finishes, it goes on and on.