I am looking for a stable B neighborhood, and will take lower returns.  

It's better to account for it now so you know your property cash flows from day 1 including all expenses)E) Repairs & Maintenance = 6% each i.e. 6768F) Total Opex = 24,408NOI = 56400 -24408 = 31992Debt Service = 4.25% term 20 years ~$32498Cumulative cash flow = NOI - Debt Service = 31992 -32498 = -506Based on the assumptions above the property wont cash flow.

Single, no kids, stable/gainful work.High level, I have to be there for 1 year min (obviously because of FHA).

@Amy E.  

looks like it'll e a fun project.I say you leave the main floor, which seems to be the kitchen and the living room as is. 

This way, I could get a stable life with great benefits and, maybe after working 10 years for the same employer, get 4 weeks of vacation PER YEAR.

If I had any hope of providing my parents with a remotely stable retirement, I had to generate some wealth.2) Equally as important, I wanted to prove to myself that I could.

They also called PG&E and disconnected Gas and electric (tenant is responsible for these utilities as pr the lease) effective 10/31 which made the service transfer to my name now, Any suggestions on how to handle this break of lease, not paying the rent and disconnection of utilities?

I think the best thing about military renters is stable employment.  

You need stable income.