I'm looking to replace the front door of my rental property.

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

But keep in mind they sell title insurance so they might only encourage that you buy a policy. 

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

The seller is a client of mine that was looking to sell it.

If you ever needed the equity out you can sell or do a HELOC/cash out refi. 

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? 

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

You need to know how to run numbers and figure out what makes a property a good flip or solid long-term rental.