I'm sure it's a little more efficient in larger cities, but my market requires up to 60 days to get approval.Lower your expectations with Section 8 tenants.

It will be a can of worms for sure and they may go as far as requiring a full tear out and fresh submittal.

.- You should have required the tenant to sign a Hold Harmless Agreement, indemnifying you against any of their claims.

Yes, I share the same feelings and dont understand why the information and steps required is SO extensive! 

If so what are his loan requirements?

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

New Jersey’s Anti-Eviction Act does not require any written notice for non-payment of rent.

Vacancies, tenant turnover, or non-payment can impact cash flow and delay your plan.Time and Effort: Managing multiple properties, handling rehabs, and dealing with tenants requires significant time, energy, and expertise.

Credit is a factor as bad credit may limit options, or may have the lender require you to put 10 or 20 years of taxes and insurance into escrow. 

My requirements?