I have no development experience but 2 clients have built permitted ADU's in adjacent LA (90047), and both were under $130k, with your quotes a 800 sq ft ADU would be $200k. 

Typically in my experience at a large real estate development firm, we worked with local attorneys on the appeal process every year.

Are there trends or developments that could impact future growth?

It was a recently developed lot.

Hey @Austin Wolff - You bring up some good points about knowing the house better than anyone when you build new if you are actively involved and onsite regularly, but I'd get behind @Jay Hinrichs, in the sense that the numbers don't always allow you to build new.Here in Chicago, new developments are super pricey, and even the BEST DEVELOPERS HAVE SLIM MARGINS. 

😁 Dan Kryzanowski🧠 Passive Investing in CRE (MF Development, Self Storage) via liquid funds, SDIRA, or Solo 401(k)... as a Texan & Austinite 🤠, I also stay educated on O&G/Energy + Fintech/Proptech🙌 Meet w/ fellow Accredited Investors & Passive (LP) Investors🤝 ... 

We own 7 properties that we will start developing in 2025.We are currently remodeling my wife’s two-story home, turning that into two rentals.A developer contacted us and is using our largest plot to build a four-story condo building trading one condo for the opportunity.We drive and live in an 18 wheeler debt-free saving up capital for the next opportunity. 

I'm a Business Development Manager at Groundfloor Finance.

This helps them create confidence, learn and develop and honestly has made them incredible assets to our team!

It's my understanding that options are still rather limited.Regards,Scott MillerI have spoken with representatives of the following lenders and all are willing to lend to both me as a fractional developer, and to my fractional buyers.