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). 

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?

What the benefits for the seller are is that they CAN foreclose almost as easily as a bank if need be; there is a good chance that they can get a better rate on that Note that they will carry (say 5-10%) than what they are likely to get with their equity otherwise; if might help them sell a property that is hard to sell otherwise; and might be advantages income tax wise also.One example is a 4plex that just came online here in our market.

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. 

. $1150/month. 1st month and 1 month security deposit required.

I am a relatively new landlord and I’m trying to figure out the requirements if we needed to file a judgement against a tenant for excessive damages to our property.