I'm going to rain on your parade.Mortgage and HOA fees will be around $31,000 but you haven't accounted for furnishings, utilities, WiFi, maintenance, taxes, and other expenses.

The most common approach to purchasing US real estate as a Canadian is by utilizing an US LLP or LLLP, with the investor as a 99% Limited Partner, and having another entity (such as Can Corp or US LLC) as the General Partner at 1% to limit liability exposure.

Utilizing a realtor whom owns/manages properties in your desired market and can give you concrete real numbers is such much more valuable than running hypotheticals on AIRDNA.A lot of my successful Florida investors are purchasing performing properties in Pinellas county with @Josh Green. 

I didn't think about DSCR and how it can be utilized in this situation.

Currently I have utilities figured out and have met with the city planner and my future plans after annexation follows their vision of the comprehensive plan for that property but he passed me off to the county since I’m not annexed currently and the county wants to pass me back to the city.

I realize this post is 2 years old but someone may have the same question.I use Microsoft One Note for Desktops, it's free and stores your notes in notebooks with tags that are easily searchable for reference later.I have notebooks for Note Investing, Real Estate Investing, Information Technology, and Digital Marketing.Usually, something that I'm studying falls into one of those categories and each notebook has subcategories. 

I like the fact that it gives homeowners and small investors potentially more options on how to utilize their property though.

That will cost at least 2179/year without including utilities. 

Big developers where not investing as much anymore, land flippers where left with unwanted inventory and if you for example now wanted to do an agricultural business and bought land in some places, the math would never makes sense.The good thing is as you mentioned some small towns are thriving because of the expat presence, similar to what happens in the US with "gentrification" the expats attract the digital nomad crowd that works from the beach, surfs, love great coffee shops and restaurants etc.

C-Corps usually aren't a preferred structure for real estate.I know that with a self directed IRA all of the income has to come back to the IRA - read another way - you can't take the profits from your investments and access them today (so no passive income that you can utilize in the near term).