After some research online, I am reading that the cost per square foot on a gut renovation of this nature in Stamford CT is anywhere from $150-$350, which is ultimately not very helpful, because at $150 per sq ft, this is a very appealing project with a total profit of ~$175K (46% ROI) and at $350 per sq ft, it very much isn't, because it would be a net loss of 83K (haha).QUESTIONS:What can I do refine my estimate a bit given that I am not allowed to a formal inspection on the property? 

The builder refuses to send them to you.They state they are 'restricted' or send the type of layout you see online, just boxes, nothing the designer can use.

The core principles in The Book on Rental Property Investing still hold up, but higher interest rates definitely change the game.

Here's a list of things to track:- Formal lease application- Formal signed and executed lease specific to your state- Payment history (I recommend using online rent collection like Apartments.com, RentRedi, etc)- Maintenance requests and receipts- Accounting for all rental-related expenses (repairs, utilities, etc) The more you treat it like a business, the more helpful you are to your CPA come tax time. 

Welcome to the best online RE investor community.

From what I've learned in this business is that you're not only investing into a deal, but into the people of that deal.I believe that real estate is a game of strong connections, not expensive playbooks.

This is all a psychological game to just get the user to cave in and think later.

It seems there’s a common misconception largely influenced by social media, online courses, and influencers who oversimplify the process that real estate is an easy, passive way to generate income with minimal effort.

If you have an Aldi near you it was a game changer for us. 

@Krystal Lozano,Building a portfolio to a 6 figure is definitely a long game.