Amid surging demand for apartments, the US rental market is contending with the largest supply of new units in four decades.

I just did a quick search of the area and there appears to be an ample supply of properties with an average rent of approximately $1.10/SF.

Perhaps there's ample supply in Columbus Ohio but what parts of Miami?

You should have ample reserves and make sure the house is not a money pit from the maintenance perspective. 

It has ample basement living space, that the tenant uses as a third bedroom.

Oh....you can also pay off the mortgage even faster with your ample income or soon to be ample income.  3-5 year payoff time is definitely possible. 

High ceilings, spacious loading docks, ample parking, and cutting-edge security systems ensure optimal operational efficiency.

Licensed contractors supply materials and subsequently warranties.Also how would a flipper comply with assembly bill 968 if they supply materials? 

Provide the supplies.

How can a person/company do the following in 5 hours.Drive to the property.Inspect the property.Create scope of work.Send scope of work to owner for approval.Get approval for scope of work.Drive to store / supply house #1 for materials.Shop for and purchase materials at sore / supply house #1.