All was going well as I was promised no or minimal principal loss until recently I was issued a "Non Performing Loan Reconciliation" where I lost over 60% of my principal with no interests earned for 5 years.I'm typically not an emotional person, but I was extremely depressed and infuriated when I saw this.

Though I admit, I find it a bit depressing. 

Nearly every situation was when the RE market was overly depressed. 

I havent been up on Manty values lately but they had been depressed for a long time.   

(expenses ~ $367/mo and rent of ~$950) My concern is that I may never be able to finance it, and if prices start going down due to rising interest rates, the cash value of this might also get similarly depressed.

That’s a big difference from that to selling a house that a desperate, destitute, depressed down on their luck homeowner wants to get rid of like a bad marriage. 

I had become extremely stressed & had fallen into depression.

His mom is co-signing the lease for him (but living in a different state and paying for his rent) and said he has mental disorder.

But in general terms, Vancouver is a great place to live, but beware of the rain, it gets depressing at certain times of the year.

Do poor and depressed areas make good rental markets?