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? 

I have tried a couple and didn't think they were very helpful.   

I love talking about this stuff so much that my kids complain about it constantly, so I thought helping other people understand some of the general contours of the industry from a legal perspective would be a better outlet than lecturing teenagers for a fourth time about what a defeasance is!

Specifically the area I marked in yellow.Any help here would be highly appreciated.Thanks!

Ive done some exploring of different options for funding specific properties in Ohio but with little experience in real estate I could use some help.

Hope this information helps Trace, and if you have any more questions reach out to me! 

We typically have a specific criteria of contingencies we are putting into place within the purchase and sales agreement to help protect our investor clients from many of the issues that arise when inherenting tenants.

The administration will help some investors and hurt others depending on the circumstances. 

Happy to help out Cosmo, I can tell you a bit more about the area.

Happy to share insights or help however I can, no matter where you decide to invest, or tell you more about Chatt!