I’d recommend setting an appointment with a local lender, sitting down and going over the loan, and your options with him/her. 

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

Commissions have never been set.

Because counties usually set the fair market value of properties  about 15% below the actual sales value.  

Would love to set up a call.

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 . 

However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.

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. 

@Ryan VienneauAre they able to set-up your credit cards as additional "accounts payable"?