NJ has the highest taxes per capita in the country so high taxes are expected especially in Northern NJ.

Not sure if it’s already been discussed in this thread but have those that built ADUs experienced a significant increase in property taxes?

Lower property taxes, affordable housing compared to LA (CA buyers are usually cash buyers because what they net from their smaller home in CA can get them a bigger home here, often covered by what they net from their CA sale), allergies (smog), and politics. 

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

Whichever loan that you decide to use, the interest will be tax deductible due to interest tracing rules.

If you use a DSCR loan you could maximize the equity you could take out while still breaking even on the mortgage + taxes + insurance.

It links to our business bank account and our business credit card so come tax time, deductions should be easier.

I was just reading Mark's book "The Tax & Legal Playbook" this morning and it specifically had a "critical warning" (page 31&32 in Chapter 3).

With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).