Plenty other (smaller) outlets in Miami Dade.

I'm taking a more conservative approach for now as I'm inexperienced and need to be prepared for any unexpected costs, Thank you Nathan:).

Plumbing, GFCI outlets, tile backsplash, etc.? 

Risk Management: Securing enough funding to cover unexpected expenses during the renovation is a challenge.

If you have $25,000 saved up, I would keep at least $5,000 of it as a reserve to handle unexpected expenses.

I'd say 90k for purchase, 20k for rehab, 10k for closing costs, commissions, fees, other mystery and unexpected fees and things that come up.

Being a very handy person and an engineer, I feel confident that I will catch all issues.For example, I just noticed that I have a couple of loose electrical outlets.

What's something that happened which was unexpected or you didn't anticipate (good or bad)?

However, navigating the legal and financial complexities of Subto deals requires careful attention, so I’d recommend working with a real estate attorney to ensure everything is structured correctly.Securing private money for the closing is a smart move, but ensure your terms allow for flexibility in case of unexpected repairs or delays in cash flow.

Establish a solid reserve fund (3-6 months of rent) to cover unexpected expenses or vacancies, which are inevitable over time.Make sure you're well-versed in local landlord-tenant laws to avoid legal complications.