Having engineering plans and calculations can streamline the permitting process, as many local authorities require this documentation for ADU conversions.I can't give an invoice estimate as I am not well versed in how engineers price their work, but I would assume something around $5,000 for engineering services on a project of this size.

There are a lot of factors at play that are hard to what-if over the internet based on a couple sentences of info.

I play Madden football on my Xbox while I do the elliptical.

As a start up building firm, a business plan with a worst case, best case, most likely case financial scenario played out for a seven year term into the future- will probably reward you with more specific dollar amounts that you could potentially earn, then simply picking large dollar amounts and asking how do I get to these figures from this small borrowed amount I have.

I have a couple of 2/2 houses here in the area and I was contemplating making them mid term rentals for the traveling nurse/insurance company play, but I was wondering if anyone is in that space and if its doing well?

Perhaps you can call the local housing authority for some direction as they too would want you to do things appropriately.Can you ask the sellers to get them out before closing?

How many of you have had this happen, especially as a newbie, and how did it play out?

From a rental standpoint I prefer properties in the suburbs that are long term rentals because it's a safer more consistent play.

I'm in central nj, between my partner and I we have about 30k to play with.

Everyone gets the same played out cookie cutter guru garbage as everyone else.