But at the same time, it could relieve our financial burden and set us up for future investments.What would you do in this situation?

Logan county has the highest price per square foot new build in our market right now almost $400 per square foot.

This beautifully renovated single-story gem features 4 spacious bedrooms and 2 modern bathrooms, all nestled on a sprawling 9,000+ square foot lot in a tranquil cul-de-sac.

Look for 3/2's, 2500 square foot max. 

My goal is to help people invest in properties and grow my business, but as a beginner, I'd love some advice on getting my foot in the door. 

House hacking is an awesome way to get your foot in the door without to much capital or a ton of risk.

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? 

Yes it's theoretically possible to just bust through the footing and then just trench a new sewer line along the exterior of the house, abandoning the old line below the slab.

Quote from @Kannon Vogt: Hello all, I'm currently residing in central Texas and looking for advice when looking to find my first investment property to get started off on the right foot. 

Then wherever the water is getting discharged off of the roof, that what water is getting at least 4-5 foot away from the structure before it is left to drain with gravity away from the property.