I suspect it will be well used and have high maintenance costs.Software: office of google office, asana, possibly quickbooks (i would normally not suggest for a single rental, but the rent by room compounds things).  

Since you're analytic savvy, run some high level amortization schedule scenarios to see how much equity you gain through annual principal payments.

If you aren't going to be living in CR full time as you try to execute the deal I do not think it is physically possible for you to obtain a loan from Scotia Bank and not worth your time to try because the rates are so high. 

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

Costs will seem high relative to the loan amount on these smaller loans, $5-6k in lender fees isn't uncommon. 

There isnt any one magic "cheapest" loan - it will be highly specific to the deal.

@Jason Baker I attended the University of North Texas in Denton, Tx shortly after high school.

There is a very high demand for S8 properties so filling it with someone is not a problem.  

If this is consistent and/or the first couple months with them, highly recommend switching PMs.

almost every youtube video ive seen. but I have learned my lesson.