There's also a calculator on my website that will help you navigate different scenarios.

Having the tenant be responsible for something like the first $1000 of each maintenance issue, or $500 can be a big help.

Hello BiggerPockets family!My wife and I are new to the forum and have been listening to the show over the past six months, and we have been motivated by all the success stories from you all! Congratulations to your c...

We are at the feasibility stage and need help determining the best way forward for the land we have in Maricopa, Arizona.

One meter reading for all usage or like some small communities a set price for each occupied home?

And it could take even longer than 6-12 months to find a replacement depending on the area.The other things to look at carefully are major Capex or maintenance expenses - you didn't mention whether this was a NNN lease.

This way the partner is getting paid more precisely for what they contribute.

Good pet owners certainly understand this.

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? 

This is a great place to learn and further investigate investing in real estate.