I have no experience in buying or maintaining rental properties and a small savings.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Are there any experience investors that could list out briefly the general steps beginning with purchasing the land to selling the new home?

Eligibility requires that you have some self-employment activity and no full time non-owner W2 employees.I have not had any experience with that company before, but it looks like they charge almost 4 times what we do to set this up.

Out of state and no experience with rentals............SETUP for DISASTER.2.

I have significant equity, which I won't fully disclose, but I'm keen to network with individuals in Toronto, Ontario, Canada.

My investing experience has been in stocks, mutual funds.

He has 40 years experience with hundreds of these or 1000s over 40 years.

That style is the best to capture a STR due to the wide-angle shots to give guests a feel for the home, and then also detail shots to give them a feel for what they could experience at the property. 

Speaking from personal experience!