Our investors profit greatly from us and we profit greatly by being able to take more than 2 projects at one time because we have the capital to take more. 

welcome. it can be profitable but do your due diligence. network with people that are doing it and try to see if can find mentor.

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? 

@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.

.🔹 Profit Multiple Ways – You can rent the property for cash flow, sell the option at a profit, or buy it later at a pre-agreed price (often below market value).🔹 Great for Sellers & Investors – Motivated sellers can turn a vacant or hard-to-sell property into income while investors secure future deals without a huge upfront commitment.🔹 Ideal in Any Market – Whether home prices are rising or falling, lease options allow you to lock in today’s price while benefiting from future appreciation.Other creative strategies—like seller financing, subject-to deals, and the BRRRR method—can also open doors, but lease options remain one of the most powerful, low-risk, minimal cash out-of-pocket ways to build a portfolio.

A lot of people sleep on properties that have been sitting, but where some profitable opportunities are.That said, I’ve been spending a lot of time working directly with investors and sourcing off-market multifamily deals—ones that never make it to Zillow or Redfin.

We genuinely value architecture, history, design and quality, even if that means minimizing profits.

I think late 2023 was supposed to be the first year we saw profit. 

Highly appreciated.Does that mean I can deduct this loss from any rental profit from any of my properties or should it be just deducted from the same property income in the future year?

Mobile home parks can be very profitable, however be sure to understand the different models.Park owned homes, is where you own the land and the mobile home.