A use in this case which would be paying off the outstanding debt. 

Any outstanding bills come from the deposit. if the expenses exceed the deposit, then after sending an invoice to the tenant if the tenant doesn't send the money, it is going to be up to you to get the money....and you are unlikely to see it. 

If you have the correct zoning and no outstanding code violations you should receive your rental license instantaneously.

Also, I got the stats on the number of outstanding vouchers and the waiting list numbers for these areas, in addition to checking GoSection8.com, Zillow and Craigslist for competitive listings within my target cities.

@Erik Whiting - an outstanding review of Kyosaki!

Financially, we need to get our debt to income ratio, and outstanding debt in a better place (we paid for our wedding ourselves and it was an amazing wedding regardless of Covid restrictions), we are in our apartment until September 2021, and will likely rent for about a year after that while we pay down debt/save up some cash.I'm fascinated with all the different ways that people can make money in REI, and can't believe how much information is available for FREE on the BP network, and am amazed how many of the people I know don't know or haven't heard about Bigger Pockets. 

FINANCIAL/CREDIT HISTORY1.No outstanding debt to previous rental property owners.2.No outstanding debt to utility companies.3.No outstanding debt in excess of $1000 that is not in a payment plan.4.No excessive monthly financial obligations - more than 20% of income.5.Lack of credit history or marginal credit history may result in additional security deposit. 6.Derogatory credit (past due accounts, collections, charge off accounts, tax liens, judgements in excess of $1000 and/or bankruptcy) may result in additional security deposit or denial.LEGAL/CRIMINAL HISTORY1.Criminal offenses of a violent nature against either person or property will result in denial.2.Applicants with a non-violent criminal misdemeanor that occurred more than two years ago or a non-violent criminal felony that occurred more than five years ago may be considered if restitution for their crime was made in full and all time was served.Also, we may require an additional security deposit and demonstration of good employment history, credit history, and rental history since the time of the crime.Multiple offenses may result in denial regardless of what the employment, credit and rental history shows.

This law prohibits an institution from disclosing a consumer’s nonpublic personal information like Social Security numbers, income, and outstanding debt to companies that are not related to the institution.https://www.ftc.gov/business-g...https://www.ftc.gov/business-g...Also, most credit agency contracts do not allow their clients to share info with 3rd parties.

@Andrew PostellThanks so much Andrew, your detailed response is quite appreciated.I am promised a LE by Monday, provided I submit all necessary documents, which at this time outstanding are payslips and bank statements.Yes, you are also correct on the rate as I've been quoted on a kind of no docs loan at about 7.5%.Will post update on Monday.Happy Thanksgiving!

I would say money for value is outstanding.