You can also split the difference by looking at the historic energy usage for the property and setting that as a utility 'cap.'

In general, government will set the assessed value lower than market value at reassessment in order to neutralize appeals.

In addition, the company that they recommend we work with, Prime, helped me set up my companies and though I repeatedly asked them if there were any differences in how it was set up because I was a Canadian, I was told that the way they suggested I do it was the right way.

Setting up. the LLC in Oregon would just result in similar compliance requirements in CA if the latter is true. ...This post does not create a CPA-Client relationship.

If you are set on closing under your personal name, you definitely want to check with your lender on that during the initial fact-finding stage. 

If your side could rent for $1,400 then that's what you should pay so you have money to set aside and build a reserve.

This sets the right expectations. 

First, lets set some inaccurate information straight. 

.- If you chose to set up your LLC as a pass-thru entity, then you will need to supply your SSN.FYI - to avoid getting nasty letters from the IRS about errors (which might cause us to be audited), we will ask for a copy of your EIN assignment letter or a copy of your SSN card to confirm those numbers.

Quote from @Michael Poloncic: Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent.