Most of our clients are professionals - physicians, attorneys, software engineers.

got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans 

It is a new construction where they will not reduce the price in lieu of broker commission to keep their comps high.

One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.  

If you are exploring Memphis as a potential market to complete your first BRRRR, I'd be happy to connect you with my amazing GC with Triumph Construction.

Does anyone have any good ways or software to get better data?

I have worked with a number of investors who have found a new construction duplex or quad in a great market and moved. 

During the "fix up" process, you would use a different kind of loan that will end up converting to a DSCR loan once you have tenants living in the unit(s).So, I would need to use maybe a construction loan for the renovations and then convert it to a DSCR loan?

I've worked in most phases of residential construction, but have not yet managed  a project this large.  

My role with this MF company is to manage the design, construction of the GC's and opening of the properties.