It doesn't matter if the property is new construction or not but you do need NOI to determine the CAP rate based on sales price or to value the asset based on going CAP rates in the market for your product.

Does the business per the lease have to disclose sales and update ongoing business and personal financials?

Now do you utilize the BRRR strategy ongoing, or simply just a fews times to build up some capital then allow yourself to tie up capital in rentals longterm?

I am very new and still learning but I wanted some solid foundation to stand on going into the adventure.  

If you plan to have an ongoing direct mail campaign you may want to invest in a skip tracing service, if you don't have one already.

There's also ongoing training required to keep your license every 2 years as well, plus yearly dues to your local Realtor board, etc... it can add up quick so be aware of that.Also, there are lots of stories out there of agents who did exactly what you are talking about and can't write an offer to save themselves, don't respond to phone calls or emails, and can make the process more difficult than it needs to be.

You could be paying thousands of dollars before you could even prove that it was not your fault or it was a false claim.As an example entitled tenants tying up the court systems I give you an ongoing battle of mine. 

Therefore, I need a single point of contact/coordination on the ground I can trust implicitly for all aspects of investing, including but not limited to: identifying the right target market, the specific deal, tenant placement, the right contractors/vendors, and ongoing property management.Any help is greatly appreciated!

I then can property manage it and realize ongoing residual income. 

I use Quickbooks for accounting so I can easily figure out the monthly cash flow and keep track of it on an ongoing basis.