NJ is very tenant friendly state on the legal side.

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

(more legal fees, business fees vs. renovations).Research Points: §1.263A-1T§195(c)(1)Ervin E.

I've seen landlords live in blissful ignorance for 5-10 years due to dumb luck, then their world comes crashing down and they lose everything.I have a book, there are some in the BP bookstore, or you can check out one of my personal favorites, Every Landlord's Legal Guide by NOLO.

They don't all offer the same servicers (default management, document services, tracking of taxes and insurance, escrows, etc.), but I am with you that communication and competency are key.

And Jerry is a Wyoming attorney, so you can trust his legal advice! 

The more challenging stipulation is you would need to use it more than 50% of the time for business use (and you need to log the miles to document that).  

I have copies of their documents.

Various legal setups can  mitigate a large part of this risk.  

Be currently employed and be able to provide 3 most recent months of past paystubs or other income documentation. 3.