@Sharon Porter,Investing in a state-controlled property like this can be an opportunity, but it's critical to understand the legal and logistical nuances.

Quote from @Samuel Hudson: Hello friends I am new the market and recently bought a home in Weehawken 6 months backs .Its a three family home and we are currently doing renovations Right now.The rent leveling board told me that two units would have to follow a rent of 1650 for unit 1 which has three bedrooms and another unknown amount for unit 2 which they don’t have the information for .The previous seller I purchased the property from bought it as a tax lien .He has kept the property vacant for two years with no tenants before selling it to me .However ,the previous Owner he bought it from must have had tenants .I am putting in a lot of money into renovations and want some clarity on the situation I am in .The property has been vacant for the two years and currently still is as we are doing renovation .It would be really appreciated if anyone can assist me on what information needs to be provided by from the previous seller for me to be able to set the rent based on the market value .Thank you . 

Great advice Bruce, Im going to steal this for some of our new agents :)And again reach out anytime Reagan.

However if you understand the process already and what you're trying to achieve and just looking for someone to do it for you, then I would search a bit more to price compare and then make your informed decision.

Sounds like this could possibly be a Schedule C activity so keep self employment tax in mind.

Again, there are a lot of things that you are implying about our business on a platform where the information will stay for others to read in the future.

I’m struggling to understand why all of this is necessary just to use their property management software.

This is a great place to learn and to connect with people so take advantage of all the great resources.

This will give you some info so they are not guessing on what will be needed (they probably already know rough numbers, but each project is different).

@Henry ClarkGood information.