This is a horrendous idea for a young person who knows nothing about landlording and pre-supposes you can get a property first.Spend the last time in college learning and going to local meetups.

Here is the specific language from Assembly Bill No. 68:a local agency, special district, or water corporation shall not require the applicant to install a new or separate utility connection directly between the accessory dwelling unit and the utility or impose a related connection fee or capacity charge, unless the accessory dwelling unit was constructed with a new single-family home.If the Planning Department is telling you that you need separate utilities and you're adding an ADU to a lot with an existing SFR, refer them to the above language from AB 68.

In my local area, credit unions by far.  

-Ana  Foreclosures in New York on average take years. since its a judicial state the courts will notice the foreclosure sale dates in the jurisdiction. so you can also check with courts/local sheriffs office

It's like a video game you are playing with real money.Do you have friends from local meetups who invest in any of those areas? 

In my experience as a Local Real Estate Investor, this is the #1 reason why a lot of people move to Katy, Texas.

Good group of local folks or are they all coming from Atlanta?

You wouldn’t double reserves but you might add an additional 30% per property because the more you have the more likely 2 big events happen at the same time.

Review your money, talk to local agents, and learn from investors and managers.

It may be beneficial to consult with a local real estate agent who can provide insight into current market trends and investment opportunities in both Connecticut and New Jersey.