our loan is for 153,000, payment with tax, pmi, and home insurance is 1115/month. 30 year 3.5% fixed rate  Our additional debt is 1700/month with my student loans, small credit card debt  and our cars, we are a nervous wreck and worried about denial because of my student loans, we have pleanty in the bank for downpayment plus additional payments, (seller is paying closing) would they submit our stuff if they felt it would be denied?

. (~4-6 bedrooms here).B-level: Similar criteria to A-level but without the custom built homes, 2-income families can afford to live here and raise a family, backyards for the kids, 1500-2000 sq ft houses (~3 bed/2-bath homes).C-level: Majority of houses under 100K, visual repairs needed in this neighborhood, 1200 sq ft average, houses close together, some properties worn down, grass not cut, porch awnings sagging, concrete stairs crumbling a bit.D-level: Struggling neighborhoods, garbage on the streets, bars on the windows, higher crime, crowded areas, downtown city area, wouldn't want to walk around here at night.F-level: War-zone, "get me outta here" property, makes you nervous to enter the neighborhood even in daylight.That's my basic approach when I think about properties and what areas make the most sense to invest in.

If nervous get a partner who has experience and learn from the experience and partner.  

My father is nervous that if we win the bid at say 150k, the bank may come after us for the last 11k on the loan plus any legal fees and penalties.  

My wife and i are good with self managing the property but the sister is a little nervous.

This thing makes me nervous as I've heard some horror stories from Landlords as California is a tenant friendly state.Does anyone have any helpful tips, experience they'd like to share with this kind of situation? 

I am just nervous because I dont want anything to go wrong and I definitely dont want to end up in a bind to where I cannot afford to take care of my own personal priorities.

It's zoned commercial and 5 yr balloons on 20yr term make me nervous and takes a lot of the cash out of the flow. 4 unit, all units rented at $500, $2000 grosssection 8 eligible, T&I $1800 annuallyRemodeled 2 years agoRoof 1 year old, vinyl siding needs replacingThis would be my first deal.

I'm nervous about our first rental investment and am having pre-closing buyers remorse.  

My business is important to me so I am nervous about lenders especially the ones found only online.