Hello,  I am new to rental property investing, and currently in escrow for my first property.

The fha 100 mile rule will be triggered whenever you try to vacate your current primary and also trying to use the rental income to qualify.However, this 100 mile rule can be exempted for the following rulesRelocationIncrease in family sizeVacating a joint owned propertyNon-occupying co-borrowerIf you are not trying to use FHA on your 2nd househack, you can use conventional and the rules that I mentioned above will not be a concern.

Currently doing a second.

The only debt I have is what I owe on my current vehicle.

It's dangerous to use contracts found online if you don't know how to read them or compare them to current law.

I currently have 40k to invest, and am looking for someone to help guide me through the process.

You need to give proper notice by ending the current tenancy and then offering a new one at the new, higher term.

However, the Orlando market is really struggling with saturation currently (all it really has to offer is Disney - I like markets where there are multiple draws). 

I currently am almost done rehabbing my first out-of-state property in Cleveland, Ohio.

The Federal Reserve's target has been 2% inflation and it is currently at 3.5% for the year.