As a landlord, I would rather you be foreclosed on than have a ton of outstanding credit cards suing you or about to.  

Is there anything outstanding that has to be corrected?

Embrace that eagerness and use it to drive you to make outstanding presentations.

Please note that per the multiple loan rules, the amount of the loan must be reduced by the highest outstanding balance of any other 401k participant loan over the prior 12 months (regardless of whether such other loan is currently outstanding).Monthly or Quarterly Payments: The loan must be paid back in equal monthly or quarterly payments of principal and interest.Interest Rate: The interest rate is equal to prime plus 1% (or CD rate plus 2%) and is a fixed rate that is set at the time that the loan is taken.Term of the Loan: Five-year term unless the proceeds of the loan are used to purchase a primary residence in which case the term of the loan may be up to 30 years.First Payment:For monthly payments, the first payment that would otherwise be due is delayed until January 2021 (e.g. if the first monthly payment would have been due on May 15, 2020, it will be due on January 15, 2021).For quarterly payments, the first payment that would otherwise be due is delayed until the first quarter of 2021 (e.g. if the first quarterly payment would have been due on May 15, 2020, it will be due on February 15, 2021).EXISTING LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.If you meet the above conditions:You may delay making any 401k loan payments due between 3/27/2020 and 12/31/2020.You must commence making loan payments in January 2021 (or the first quarter of 2021 if your loan payments are due on a quarterly basis).If you elect to delay making such loan payments, the term of your loan will be appropriately extended.

I will agree that outstanding judgements and other debts must be approved before you can get a mortgage so paying them is a positive thing.

There appears to be an outstanding mortgage on the property.

Whether you're a beginner seeking guidance or a seasoned pro willing to share your wisdom, this is the perfect platform to engage with like-minded individuals.Let's discuss what sets the Outer Banks apart as a premier vacation destination, the key factors that contribute to the quality of vacation home rentals, and how to identify those hidden gems that deliver exceptional guest experiences and solid returns on investment.I encourage you to share your personal stories, property recommendations, management tips, and anything else that can help raise awareness of the outstanding vacation rental opportunities in the Outer Banks.

As it turns out, that's the outstanding mortgage.As I mentioned above, I bought my home at an REO auction, ARV of $310K but I got it for around $200K.

I’m putting my outstanding principal balance against my rental property’s current market value.

@Amy Wan  your post pretty much echos @Brian Burke sentiment.. deals are like street cars one on every corner.. its the ability to execute consistently that is a fleeting thing.