But enough to make to do all the cosmetics along with a few major items like HVAC, appliances, etc.

Also I would like to recommend these 2 different books to read on top of all the BP podcasts you are already listening to: 1.

Some questions for the people with experience: What are some basic landlord problems I will most likely run into?

This bank will be more likely to lend given they hold the first lien. 

It sounds like you are investigating the DSCR route due to lack of investment funds. 

Kind of sounds like heaven...   

The entire goal is to help you / individuals like you who are interested in a finding an agent who works with real estate investors.

And yes they pay 60% of your Mortgage.Open to share ideas any time we have a free network to meet like-minded investors in Miami.Luis Maqueira 

My wife likes to decorate.

Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.