I wanted to see if there are specific things i should be looking out for or a list of what i should do.

If you have a set of specific criteria and you don't take the first person that meets those criteria, you open yourself up to being accused of discrimination. 

Check with a NJ lawyer about possible wrinkles due to the state law.The main advantage is simplicity: one set of bank accounts and books, with each transaction assigned to a specific property under management.

I hope that helps answers your question, not sure if you had a more specific question or not?

I guess part of my question is that if we can get the down payment with savings or OPM, is there a specific way that you approach banks to say that it will be an income property making X$/month and so that it keeps your DTI in a more appropriate range? 

Of course the specific loan officer can be good or bad, but Ive had plenty of problems with capital one in the past.

There is a world of difference between "getting a divorce" and having a final divorce judgment with specific allocation of obligations. 

I Think this will be specific to your location.

If it is a condo-like property, where I own a specific share (like in the US,) that’s one thing.

@Michael Boyle,Subject-to is one of those strategies one can use to solve a specific problem where it fits the scenario.