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.

Inside, offer luxury linens, a fully stocked kitchen, and entertainment options like board games, a smart TV, and Wi-Fi.Welcome Guide: Create a welcome guide with details about the property, local attractions, dining options, and house rules.

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

Our average daily rate(ADR) is high for our STRs, and we provide many amenities to cater to a more luxury clientele, but because of that guests have very high expectations when they book.

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 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. 

@Chris Allen, everything is going up: utilities, insurance, taxes, management fees, service fees, 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).