There were complaints about a new construction in New Braunfels, but that is different from a value add.At this point, their website (https://grocapitus.com/our-portfolio/) shows 6 completed MF exits, in GA, FL, TX, AZ and SC, with IRR from 16 to 21%. 

If the cash-out refi provides liquidity and good terms, it could be worth taking, but make sure it doesn't interfere with your construction funds.I can help you assess both options and see if we can offer a more favorable solution.

I also recommend, If they are not looking for another full time job, to consider New Construction.  

It’s a great chance to invest in new construction that’s leased and fully managed from day one.

When i get contact of the owner of the property should i ask if i can send an inspector out there?

I don't build new homes with builders, but I believe construction costs are high and time frames long based on my remodel experience. 

We’re aware of what Plymouth looks like on the construction costs.

Can't decide which is better so I'd love to connect with anyone who has used one or both of these tools to figure out what they liked/disliked etc.Those two platforms are completely different from each other.I haven't used any of those two, however, I was a developmental controller at one point in my life and the construction team was using Procore as they were targeting large projects such as 100+ units groundup development.I believe BuilderTrend is made for remodelers and home builders.Right now, I am partnered up with someone to do construction and I am just handling all the financial side of things, currently using Monday and QBO to make it work.

Cost segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes.When a property is purchased, not only does it include a building structure, but it also includes all of its interior and exterior components.

-------------------------------------------I am involved in a construction project which requires a Builder’s Risk policy/coverage…something off the beaten track for most people.