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? 

Meaning if one partner initially contributes 60% & the other contributes 40% then that would naturally give you a 60/40 split2.

You will then naturally refine your approach as you get feedback from results.

Agree it is difficult to assess costs when they vary so much by location.Keep in mind that some turnovers are sickenly expensive, and that is just the nature of the business. 

Naturally I asked "how do I find a reliable wholesaler?

@Arron Paulino Your posts illustrate the challenges of exiting SFH's in markets where the natural buyer is another investor and not home owner.

It is naturally insulated and it captures passive heat with strategically placed windows.

In part because the sink is under the window which to me seems like a natural spot for it. 

For some reason we human love to try fighting nature, thinking we can "tame" it, despite failing a whole lot at it. 

The rental market conditions are slightly tight, indicating a healthy demand for rental properties.Student housing continues to be an attractive investment opportunity due to its recession-resistant nature and consistent demand.