HI Mary,There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

All electrical work requires a permit.

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

Although a DSCR is lenient on your personal income, they will still require a relatively clean appraisal.

Not illegal, but evidently difficult to comply with the legal provisions required. 

Now imagine facing a lawsuit because you missed a crucial compliance requirement.

However, insurance expenses in CA aren't going down anytime soon so that could affect your profit margin.

(It’s worth the furniture if you want it.)Think of it this way. 1)Lots of cities ar banning STR, o requiring you live in the house while it’s being rented out, or limiting you to a few months.

You should also thinkgholding costs, the longer you rehab, the more expensive it is because you won't have a tenant paying rent. 

Landlords in NJ are required to have their rental properties built prior to 1978 inspected for lead based paint  by July 22, 2024 per a Phil Murphy signed law in 2021.