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? 

.: Quote from @Travis Biziorek: Hey Amit,Section 8 is definitely appealing to a lot of out-of-state investors because of the perceived stability of government-backed rental payments.

Quote from @Landon Sheveland: Curb appeal to attract attention, then kitchens and bathrooms are usually the most important areas to focus on.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

*Curb Appeal – You never get a second chance to make a first impression.

A mid-term rental could be an great option during the 6-7 months you're away since it appeals to traveling professionals, remote workers, or individuals relocating and offers stable income without the constant turnover of short-term rentals.

I am hoping to find a reasonably priced photographer to take some sharp  photos of a Property. 

.✅ Appeal with FEMA: If you have evidence that your home is at a lower flood risk than designated, you can file an appeal with FEMA to reclassify your property.4.

In general, recommended would most often be curb appeal related items.

Although I am still new to real estate, the  strategy that seems most appealing to me is long-term rentals, but in regard to investing in real estate, I am very open to any other strategies in the business.