Seller financing can be a fantastic way to get into a 4+ unit property, especially in a competitive market like Chicago.Have you started reaching out to owners directly or networking with agents who specialize in multifamily properties?

Land priced right, zoned correctly, market analysis great and potential competition low.  

If you would like me to double-check check your current preparer is providing optimal services for a competitive price, let me know!

Quote from @Shayan Sameer: I would reach out to a couple lenders see if you can get some competitive rates and also see about the points too that they are charging..

Congratulationswhat you’ve found that both the INVESTMENT side of real estate, and theBUSINESS side are very competitive; therefore profit margins are compressed, so those “home runs” people like to bragg about are actually quite rare.  

Include them even though they aren’t your competition. 

Be prepared to do your due diligence and make competitive offers.So, what do you think?

Do you know what a competitive cost would be and how I can go about finding a good and fair GC for ADU build? 

Your home needs to be in good shape (sounds like it is) and very competitively priced in order to have the few looking choose it instead of another option. 

I have found it better to find new construction investment properties and buy after competition.