IF you don't qualify for a conventional loan then I would suggest looking for a DSCR loan.

Any other suggestions to improve my due diligence process would be appreciated.

If you are fully committed to purchasing rather than renting, I would suggest to try and get into the best area with the best schools you possibly can.

Prior to diving in I would suggest a few things: I agree with @Kevin SobiloInvest in relationships and knowledge before taking the leap1.

I don't think you have to go that route nor would I necessary suggest that in DFW. 

It even gave suggestions on what I could improve based on what my competition is offering.Link to the operator in action is here https://drive.google.com/file/d/1C1uTqgWGfs3AMsUdDWd0FOTbVFM...Quick tip: don’t pay the $200 for this just yet.

I'm trying to gauge your level of experience as I want to make sure my opinions/suggestions about STL S8 properties relate to you.

These documents include your operating agreement/ corporate bylaws, articles of organization, certificate of standing, and the EIN letter. 

One suggestion to consider as I mainly do BRRRRs as well- find a local bank or credit union in the area you plan to buy that offers construction loans.

I’d suggest beginning by connecting with an agent who specializes in multi-family properties.