I don't consider the leasing fee a profit center given the value of my time, prepping the property, showings, lease, move-in and then the first month or two is generally higher service volume with a new tenant.I believe in most situations we are far better off keeping the tenant happy enough to want to stay put and avoid the turnover.

If this is not a Live-In situation, you'll probably need 25% Down Payment as opposed to 10% as you show in your numbers. 

I am working in Panama City in construction and was wondering how you all have been doing coping with this situation?

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?

This WILL cost you money, but handled correctly it won't hurt you badly.First of all, read up on your local laws and make sure you know your rights in this situation.

There are limited situations in which RRE should be on schedule C, but generally it would be reported on Sch E.

With roughly 40% of the population in rentals, it makes for a win win situation for first time investors. 

Only you know your situation so you have to assess carefully. 

This is a tough one given your family move and situation, it might feel like a lot to take on with this added burden.

I'm put in a difficult situation because I cannot renovate the space until he gives back the key and he hasn't paid rent.