@John BowensAre you loaning from a pre-tax 401K or did you convert to Roth and then loaning from there?

Oregon Tax Burden and politics have done me in :) 6.

I assume your prop tax increased 1.1% to 1.2% of the ADU cost even though the ADU only valued at $75k???

The article also fails to mention that overall transaction costs can actually be higher in countries where commissions are lower because the agent plays a different role, and due to needing to pay a lawyer for paperwork that agents complete here as part of their job (called a solicitor in Britain) plus VAT taxes and other closing costs need to factored in on top of the sales commissions, which we don't have here, overall costs can actually be higher even if commissions are lower. 

Unlike a mortgage the interest on your loan will not be tax deductible.

I highly suggest you use our marketplaces to find trusted, investor-friendly team members: Tax Pro finder: https://www.biggerpockets.com/business/finder/tax-and-financ...Lender finder: https://www.biggerpockets.com/business/finder/lendersProperty manager finder (if you go that route and don't self manage): https://www.biggerpockets.com/business/finder/property-manag...

@Nicholas Haubner Contact Montvale's tax assessor and building department to see it is currently classified. 

We have put together forms that allow us to scope out properties on a walk thru and be pretty close to the final cost. 

I send a text to introduce myself and ask if we can answer any questions about the listing or to support them in finalizing their booking.We follow up with an e-mail reiterating the same information.  

You also need a detailed explanation of each cost item to solidify a clear scope of work for that specific task.Experienced general contractors provide computerized plans to show the current existing conditions and the proposed final floor plan.