Again this is my first ever lead and/or experience so as you could imagine I'm a nervous wreck lol. 

The world was at war, economies were wrecked, and countries appeared to be on the verge of annihilation.

I'm about 3 things when it comes to my properties:1) Pay the rent on time every month (by the first)2) Not wrecking my property, treat it like a home and with respect3) No Meth Labs (really no drama of any type, especially police drama)Rick

That PM seems to be single handedly wrecking your cash flow.

They can happen but with the appreciation we have seen unless the situation is a total train wreck most people are able to get out without going the short sale route.

This and my medical bills wrecked my credit.

***As always check with a reputable real estate attorney*** before executing contracts to make sure you don't have loopholes that might wreck you - and you could lose whatever amount of money the other party reasonably sues you for.

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?

The place was a wreck, and despite before/after photos, the tenant insisted the place was in as good a condition as when he moved in. 

., you would be AMAZED at how good that room could look, with re-stained parquetry (sorry, I agree with @Max Tanenbaum), and PROPER colored walls (it's that BLUE that wrecks the room - which really IS from the seventies)!