It's also not quick as opposed to rentals and or flips but in my personal opinion its a lot more lucrative than some of the other investment vehicles.

I'm gauging interest in getting out of the desk and back into handyman/remodel work as a vehicle for income, capital, and to get me back out there and closer to the REI world. 

If you let the contractor get ahead you may not see him/her again for months-sometimes never.

Thanks ahead of time!

If the property went down to 121k, you are still ahead 1k.

Brandon,I think you are getting ahead of yourself.  

I plan on doing an FHA streamline refinance but I suspect that I may move in the upcoming months  would you go ahead and do the refinance and then explain to my lender the situation regarding my changing of jobs or should I forgo getting the refinance and just trying to rent out the property with my current loan?

In Florida, Teen killed in motorcycle accident  ( highly suspect that his plan to claim on insurance went awry and strong prescription painkillers involved).Single person occupancy and he was the only person on lease.He was in the midst of moving out, but left behind starving animals, drug paraphernalia, junk.Now multiple strangers are driving around and selling off his 6 vehicles and have been staying in the house after his death. 

LLC will mostly act as legal protection vehicle and there are rarely any tax benefits from LLC. 

So, figure out ahead of time how they can pay their rent, as you don't want them to give you a lot of cash, as that could be dangerous to you, if some bad people detect a pattern of you carrying a lot of cash.