So the government does not get involved in producing housing, but fills the affordability gap through the private sector. 

And now that the local government went ballistic and maliciously shut most of Airbnb down by scaring citizens and owners with exorbitant penalties (the dark side of the force is strong), this topic is off the table in this paradise until things change.

A previous tenant reported the property to the local government about six months ago for possible lead paint.

It even has 1 less level of government ruling overhead! 

Those will be the governing docs for this situation. 

@Ryan MooreWe have used similar conditions in purchase offers where we have suspected the Vendor of being less than forthright and housing warm bodies simply to be able to advertise the property as being fully occupied.  

The  association I'm in has a program we use that has these properties already listed there but in the South Florida area.But for you.....I read in the book Wholesaling Bible, "To get a pre-foreclosure list you have two options: (1) you can put the list together by going down to your local county government office and searching for and finding the recent lis pendens or notice of default findings; or (2) you can buy the list from a pre-foreclosure list provider/broker."

In general, the federal government doesn't care HOW you borrowed the money, they care what the borrowed money was used for.

That should be more than enough for his household of ONE.Security Deposit: $2475 (1.5 x rent, the max allowed in NJ)Good government job with opportunity for advancement.

Lease dynamics - MTM vs. long-term lease - are governed by the market more than anything else.