After going back and forth I’ve finally made a decision on the strategy I want to focus on and that is buy-and-hold.  

Finally, BP has various tools available to help you analyze your deals (rental, flips, wholesale, etc), feel free to use them: https://www.biggerpockets.com/investment-calculators Please let me know if I can help, and best of luck!

There's also a stipulation that says their rent actually increases by $100 w/ a mth-to-mth tenancy...After some more thought, I've decided to give the tenant a 60-day notice for non-renewal.On your point about inspection: I was planning to do a final walk-thru after she'd left...

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $90,000

Cash invested: $14,500

Purchased a 2/2 Condo in Plantation, walking distance to a high end Shopping Plaza. ...

Finally ensure the deposits are also placed in escrow per @Mindy Jensen suggestion and have those transferred at close as well.  

I'm looking to finally start taking action towards my real estate investing career, while I save enough capital.

@Robert Chuang So I finally received impact fees schedule. for the 1200 sq foot ADU, comes out to 7100.

I usually put my sign up as I'm handing the contractor the final check.

Paid 2k for it when I switched from FHA to 203k , with it expiring on closing I lost all leverage on final walk through.

The final thing with regards to zoning.