I decided to work as the manager for several months to really learn the day-to-day operations.

There are a lot more efficient cheaper operating systems on the market to choose from.

If you remain resident in Canada, in augmentation of Eamonn's advice, I would suggest you consult with a CPA - and possibly attorney - experienced with Canadian tax law and business organisation when holding foreign assets.Having your U.S.A. business (and assets/properties) be held and operated within a U.S.A. corporate entity will provide you with control over the repatriation of retained earnings.  

Hi Alex,I don't operate in your state but I'm a former insurance company adjuster. 

I'm curious if people are typically using operating (no capex reserves) or free (with capex reserves) cash-on-cash returns when evaluating deals as it relates to the 10-13% cash-on-cash minimum that many target.

Many are well represented by sellers & turnkey operators here on BiggerPockets (myself included) The most popular markets are ClevelandToledoMemphisBirminghamKCIndyDetroitEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.

Disclosure:  I am a partner in a successful TK operation in Indy.  

(BNI) will cease operations at the end of August 2018.

They’re a little more spendy, but they’ll operate at 100% efficiency down to 5 degrees ambient outdoor temp.

Your goals and plan usually has that information and the range of each one like positive cash flow, cash on cash return, net operating income that includes debt service payment. the positive cash flow on day one of your ownership, and the items you mentioned, the type of parking and on-site and nearby amenities are very important as well as the first impression of the subject properties.