As long as you are in a decent area and do proper screening, you will be fine in NJ. 

Tim, reading through your post, and you mention being interested in STRs.

Consider creating blogs, social media posts, or short videos on:•How to handle late-paying tenants•What to do if a tenant damages your property•Best practices for tenant screening•How to legally increase rent without losing tenants•By answering common landlord headaches, you’ll attract leads who already see you as a trusted expert.4.Market to Investors•Many property investors want a one-stop shop—someone who can help them buy, manage, and eventually sell their rental properties.

As another rookie, this was such a helpful post.

Great post as always Don.

The "due on sale" clause (DoSC) obligates the seller to notify the lender if the property is sold.Failing to do so would place the seller in violation of this agreement, giving the lender the right to accelerate the loan.But no laws are being broken here.So, subto is neither legal nor illegal.Second, it only works because most lenders are more interested in receiving payments than in invoking the DoSC clause and foreclosing on the property.But, it can work, provided seller and buyer are both on board and the proper process is followed.

Quote from @Josh Deschene: Hello All,This is my first post and I will try to summarize as clearly as possible.

If things get tricky, consulting a local attorney experienced in landlord-tenant issues can help you handle the situation properly.

If the lease auto-renews to a month-to-month, then you can post a letter on their door (take a pic) or send it by certified mail with a signature required with the new terms starting at the appropriate times based on the lease.

I tried to post what I was looking for in bigger pockets and got shut down for soliciting business