Now I had no debt on most of mine so I could do that I don't know if you have a double whammy here and have debt that could back to bite you as well.I also donated my fair share of these to Habitat for Humans.. but they don't just take anything .. they don't want stuff they can't turn aroundBest of luck

@James Charles The idea behind a short sale is for the seller to ask the bank for permission to sell the house at a price less than what they owe, with the bank receiving all the proceeds, satisfying the seller's debt.

I am 29, 750+ credit score, $120k annual income, no debt outside of my current personal home mortgage ($325k).

In podcast 163, Bill Allen mentioned that there is a cap on how much total debt a veteran can take on.

If either of you think they need to move, facilitate that too - offer good reference, help finding a place, moving assistance. whatever can get you possession back quickly.Seems like they are good long term tenants, so try to salvage it, but be wise enough to realize when it is impossible and move on too.

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?

@John Van UytvenThe idea of moving to Florida early on was to get experience in the real estate market and qualifying for in state tuition for USFSP which is ranked at 22nd MBA online program.I want to get a jump start on invest and learn more about the field and do not want to wait any longer than I have to in fear of eventually becoming complacent.I don’t think I will have to pay any dues while possessing a license.

I believe the refi will be difficult and only to a terrible LTV.Remember, a legal entity "stands in the place of a real person", and if you were to refi your personal home, they would be looking at your DTI.This makes the point "Does your LLC have any income to service debt?"

DSCR:-  debt service coverage ratio. 

Mainly because people in the state have bad credit, or younger people have high student debt which needs to be paid down.