All of this is in the NJ Truth in Renting Handbook"Month-to-month leases renew automatically unless the tenant or landlord acts to end the lease.

Now don't go and ask them what every single house on the MLS is worth but it's not a time consuming process for them.Finally, you said ON MARKET.

@Kevin Drouillard,You can easily tell how it's being marketed to a regular consumer-- just check to see if it's on the main ones, CL, zillow, hotpads,trulia, etc..   

Once your net rental income is 2.5x your personal housing expense, and you have no other consumer debts, and assuming you are only purchasing cashflow positive real estate, you can get a Fannie loan with "Landlord" as your job. 

And even having health insurance doesn't buffer consumers against financial hardship."

Actually there are 5 lines (yup) in the big FHA handbook that specifies the requirements for a 2-4 unit mixed use.

The most time consuming activity is renting units. 

Turnovers are the most expensive and time consuming activity.

Its unfortunate that It seems as if matters will have to get resolved through probate, I am hopeful for less tIme consumIng aooroach.

I've written a book on Amazon entitled "The Essential Handbook for Landlords".