And actually, there is no statutory requirement that you rent the property. 

Imagine a $2M loan not requiring a down payment.

Just on the business level for landlords to be as specific as possible with their requirements and give detailed line item dispositions. 

1007 required?

Yes, interestingly in NJ the stove is required for a home (no other appliances are required). 

Does it require partners or can you do it on your own?

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

However things change dramatically when buying an investment property, as down payment requirements do not go lower than 20%-25%.

@Ethan Swat have you done the math to calculate the increased booking volume or higher booking rate is required to break-even on the investment?

Both conversations are going to provide you with a better understanding of the need and requirements prior to getting too far down the road with negotiating a purchase agreement with a property owner.