Too many investors get scammed into buying the wrong properties in the wrong Neighborhoods:(That's why we're working to list and rank all of Detroit's 183 Neighborhoods on our website.

If you are looking for an investment it is very helpful to know from the numbers perspective of what you are looking for, strategy, what type of areas you are looking in, condition of the property/how much work you are comfortable with, etc.

When we purchase a property, we have CA fees (title search, owners title insurance, lender's title insurance, attorney fees, etc.) and when we close/sell a property we again have CA fees. 

Originally I was just going to flip this property,  now I really want to keep it as a rental. 

The second property can also be a multi family property up to 4 units.

I think you are going to have trouble finding currently cashflowing Orlando market properties at todays price and interest rate.

Depending on your method, I will use your 100k of cash to invest out of state, like Alabama, to buy two to three properties (leveraging the loan and cash flow) or purchase an Alabama house in all cash (higher cash flow).Keep on renting in the meantime.

Indianapolis/ Central Indiana Investors- do you prefer to invest in fix and flip properties or buy and hold for rental cash flow and longterm appreciation? 

How long do I intend to hold this property?

You could purchase a multifamily property, live in one unit, and rent out the others.