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As of right now, the mortgage is at $188,000. The house was originally bought brand new worth $187,000. I know for a fact that the value has went up since I had the house appraised. If I go with selling the house, the only problem I will encounter is having to come up with all the fees and stuff for the agent and whatever else needs to happen to sell the house. The second mortgage isn't even a problem now. I found a way I can get loan using my other houses as collateral. I won't default the loan, so I won't lose anything. Being in the military, I will set up an allotment so I won't ever miss a payment on the loan as well.
As far as renting the house, I will be able to float the mortgage for like maybe a month or so. I have enough in my personal e-fund for three months, but that is the entire account balance. I will be setting up an efund of six months for the mortgage if I so rent it, though.

Thanks for the input and with any luck, I will get though this without a scratch.

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