This is all changing very soon with the construction of the Foulger Pratt's new "WestEnd Alexandria" Landmark mall redevelopment, a new 4 million square foot mixed-use redevelopment, including a new 1.1 million square foot Inova medical center already starting, with completion set for 2028.The development notably won the Red Clay Development of the Year award.On top of the +2,000 healthcare worker jobs the development will immediately bring to the area upon completion, the 120,000 square feet of office space will also bring a large number of jobs to the west end of Alexandria.

I have several contacts in new home construction, architecture, land developers and community organizers who help me locate buyers and sellers.

I only buy Strong B or A and live with the 5 to 6% return but the real money is made in lending and new construction for us.

However, if you have the time and prefer to source properties on your own, I would highly recommend the following strategies:Connect with probate attorneysVisit property auctions: These happen monthly and, surprisingly, aren’t saturated with investors.Cold callingTarget LLC owned properties: Over the years we have seen an influx of companies purchasing SF for rentals/long-term holds and they failed to account for property taxes and an increase in new construction coming to the market.

For instance, depending on your location insurance costs could be much much higher than indicated in the book, construction costs are a lot higher, etc. 

The company is fully vertically integrated; they own a design shop, they have construction crews, they have accountants, etc.

There’s a real opportunity to hit those $1,500 to $2,000 rent ranges, particularly for updated homes or new construction (built to rent homes) in the right neighborhoods.

Typically interest only, construction bridge loans are great for that kind of transaction. 

I think about my market (Cincinnati) and the only reason you don't see new quads is cost to construct is generally too much to make sense.  

Here is a list of Construction, Rehabbing & Generic PM softwares that may be a good solution:Construction, Remodeling & House Flipping Specific PM Softwares BuilderTrend/Co-Construct - Home building project management software specifically built for custom home builders.