I have read that if a parents gifts it, then it can be transferred tax free.

You can also search Google and read reviews.

You'll want to ask about their experience, read reviews, understand their availability, pricing, insurance / bonding, and how they safeguard their funds. 

When I read your post, I thought you were talking about a HEPA filter which goes beyond the filtration typically used in a forced air HVAC system.

.: Quote from @Kerry Noble Jr: Im reading the book....."

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? 

She is currently on a one year lease and I have read the requirements for my state. 

I've been reading and looking up videos and I'm just not confident yet to pull the trigger on a property.

That was a fun read.  

I’ve read Kiyosaki’s books, too, and they completely shifted the way I think about money and investing—such a game changer.