Normally earnings such as this are subject to income tax and self-employment taxes.There are no "dividends" within an LLC unless you are seeing to be taxed as a corporation.There is also the issue with salary and a real estate sales person if you are doing all or most of the work.When you meet with your attorney, you should discuss with him how the LLC will save you from a litigation standpoint.

Sale Price :560KDown : 5% - used up all my saving Income from property : $3980Cash Flow : +$100 after all expenses ( Made a rookie mistake of agreeing to pay utilities)Employment Income : $50,000KHow do I leverage in current GTA market to by my next property.

This would also allow your tax situation to be better, solo 401K's if self employed, etc. 

You were paying credit card fees, towels and coffee and other supplies, higher insurance rates, self-employment tax, furnishing, high maintenance, decreasing Market saturation, booking site commissions, a lot of other stuff. third, 30 to 35 thousand on a $275,000 house is peanuts 'str wise.

After the acquisition of three machining certificates  and a profitable internship I find myself gainfully employed with Williams International, where my nights are filled with crafting parts for jet engines and missiles.

I am in the midst of rolling over several former employer retirement accounts. 

There are a lot of bank foreclosures in my small town after Amazon and another large employer relocated their facilities that used to be here

I am focusing on population growth, job growth / employment rate, Supply growth, vacancy rates, rent growth, and cap rates.

I have lenders willing to do a cash out refinance but I don't have W2 income anymore or enough self employment history.

It's a corner lot, great curb appeal, near a hospital and an engineering employment base.