starting a company by a canadian while in the US

I am a canadian who recently moved to the US. I still have a house in Canada, which we are planning to sell in a few months. With the sale of the house, we are planning to buy a condo and rent it out. The way we want to do it is, establish a company and purchase and rent through that compay. The primary purpose for now is to rent. Now that I am a non-resident, is that possible? What are the pros and cons about this?

Any suggestions would be appreciated.

Thanks.

do you plan to stay in the US illegally? What status do you have that allows you to say in the US?

I am on H1 and the company who brought me here has already filed for my labour/PERM certification.

Any suggestions for my original question? Actually besides having a company rent out the condo in Canada, we are also planning to buy a house here in Texas.

Thanks.

You have asked this on serbinski, follow my answer there.