Bob: I see two ways to do the reverser. If the wye is to the side of your line and 2 switches are in the main line, I would put the reverser on the tail track, including the switch.
If you have it at the end of the line, with 2 tail tracks, I would include the two tail tracks and the switches. (Option: pick one tail track and do as type 1.)
If you are a cheap b******* you could wire it through the DPDT contacts on a switch machine and save the price of the reverser. You would, of course, change the switch when the loco was stopped.