The heat pump technology is more efficient than electric baseboard and the AC is a nice addition.

In fact, the difficulty in responding to your question about whether your costs are reasonable stems from the fact that I have no idea what specific materials or cost of materials you are using. 

@Branden SewellBTW, the theory of getting you RE license and selling houses on the side sounds nice, but I think people underestimate the difficulties of being a new agent and "selling a few houses".

Those properties, with a lot of deferred maintenance, the high likelihood of more transient renter pool, and relative difficulty finding high quality management at that rent price all point to a property like this tending to bring the most risk, especially for out of state buyers. 

The property is in south FL and the broader area has seen a few large companies move in over the last few years, and housing values have gone up substantially.I guess I'm just suspicious about whether we really found something good or if there is something about getting into Commercial Office space (ie, trend toward home offices, technology changes, rent-a-suite places, etc..) that we are missing.

I am more curious about if there might be any difficulties I might expect since the money is coming from Canada, or if it will work just the same as getting a loan from the next door neighbor.

I've worked in medicine, IT, environmental technology, organic chemistry, teaching, and customer service (assistant managed a IT help desk).

The diversification of industries here among the healthcare, education, energy, technology, and finance sectors allows for a strong economy that grows steadily year-on-year and suffers minimal impact from market hits.The potential to fix-and-flip is high here, as well as the opportunity to BRRRR.

I am having difficulty figuring out how to model a ramp up of acquisitions to determine how long it would take to replace my current income. 

Look at the technology your using, you got that message on here somehow.