Assessments in NJ are not done on sale, unless it's a new build or a complete renovation where the permits tip them to reassess, so every three years or so they reassess all of the properties and taxes go up most of the time.

Anyone who managed to do this probably did it 5+ years ago when the market was very, very different.If you borrow $200,000 to build an ADU, I suspect you would need to rent it for $5,000 or more to make the numbers work.

I am getting ready to close on a property in the couple weeks.

But keep in mind if your using money you cant afford to get back then buying action property might not be appropriate for your current endeavors and its better to just buy open market were you can do proper due diligence and know you have a build-able site.

Does anyone have a good inspector recommendation in Chicago northwest suburb ?

From the neighbors reaction, you would have thought we were building a garbage dump on those locations. 

Quote from @Francisco Milan: Hello GuysI want to get into listings, been doing buyers for the last 7+ years and I think it is time to get into listings but I how can I start building my listings pipeline? 

The initial plan is a 1200 sf build out with plans to expand back away from the cliff later as finances and interest rates are more favorable.

@Tomas FalconWelcome to the community and be ready for a huge amount of information at your finger tips.

To save those costs, you might want to stick to some year build and older, for example, if you cannot do inspections on the properties that you are buying due to off-market deals or something else that is hindering you (all sellers I buy from do not want anyone in the home till we close).