What would the next steps look like in terms of finding partners, financing, and handling zoning or permits?

For those following along at home, that language is found in Title 10, Chapter 1, Article E, section 6 (or 10-1E-6) in the municipal code.It reads: "The renting or leasing of real property for residential occupation for periods of time less than thirty (30) days is prohibited in any zoning district within the town, except as permitted in this title for hotels, motels and bed and breakfast inns."

Like other cities Indy doesn't have progressive zoning and permitting laws.

If it were me I'd pass or do a substantial escrow holdback until you knew if things were properly permitted, etc.

Building permit lists are public records that document permits issued by local government authorities for construction, renovation, or demolition projects.

Other exclusions are roof replacement, anything requiring a permit, exterior painting if more than 5% of surface, "maintenance related to the garden, lawn, or landscaping," anything covered by any of the various required insurance policies, etc.

How much value would I add with a permitted ADU?

We would handle the structure and property design, planning, permits, bids, sub-division (if needed) for the project.

Obviously, there are permits and paperwork, etc.

Just to get started here in Chicago, there is a process through ComEd to assess, inspect, and permit submeters that took me 4 months to approve and install.