All Cash, Big Risk, First Investment, critique my strategy!

[Jonathon Van Dine]

Hi everyone, 

I am looking to buy my first real estate investment in the south florida region! I have zero experience renting my own place, or buying a place. I have been reading around the forums and watching videos for about a month, and have read the ultimate starters guide. 

I must go all cash based because of my situation, so I really am putting all my eggs in one basket. So I have to make sure that this is a smart deal I am making that will cash flow. 

Can you shoot holes in my strategy?: 

1. looking with 3 realtors for a duplex, single family, or condo that is around 100k, ~60 minutes from my residence, that will rent out for around 1500 or more if it is a duplex. 

2. learning and reviewing all the videos on analyzing a deal, and using the BP calculator to crunch the numbers. I am going to run my numbers multiple times and show them to investor friends and see if they agree to check my work. 

3. learning the ins and outs of making the right leases, getting the right tenants, landlording, how to get payments, security deposits, how to manage properties and tenants and FILL vacancies. 

Please let me know if I am leaving anything out. 

Also, what is the best way to learn (resources) the details of landlording? 

Lastly, since i will not have a mortgage, or interest, all i will have to pay is for taxes, insurance, vacancy, cap ex, possible HOA/condo association, correct? did i leave anything out?

Thanks for your time :D