I think you should take a closer look at Detroit and here is why:1.

Other than saving a certain amount from each rent payment (for taxes, insurance, PM, general repairs, maintenance, Cap X, and vacancy), does anyone have a rule of thumb for what a good amount of reserves would be for a SFH or any 1-4 unit property? 

We use 10% of the loan as a rule of thumb.Even though we can usually fund almost 100% of a flip, there are still many unforeseen issues that will arise.We just don’t want a borrower to get in over their heads. 

our yearly rent increases for existing tenants are usually $50/month or so (about a  4% annual increase)  … but this last year with all the inflation we raised them by closer to $100/month.  

DSCR paperwork is usually less paperwork than a standard conventional loan.

Because I believe that realtors are usually overpaid we have a few different options. 1) We use a sliding scale on the list side.

However, my general guidance is usually to work backward.

It's now longer than the PSA. 

Identify a property to build on, I don't know in Nova Scotia what the replat or subdivision rules are, but locally we can typically purchase a property and do a minor 1 lot into 2 lots subdivision process in less than 6 months.

If you want to market traveling nurses, perhaps closer to town or inside Tucson is where you want to be with your STR.