In a 1031 exchange, the replacement property must exceed the total sales price of the property sold ($700K in your example), not just your equity portion.

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 just closed a DSCR loan on a Duplex with Total Quality Lending.

I might be totally wrong in my thinking, what am I missing?

My real estate agent thinks I'll only get 1.1 million for my home but due to a few factors I think it should be more. 1. They are set to change the zoning in my area, allowing ADU's and other construction. I don't thi...

Obviously price wise, Rent Redi was the lowest.

total return from an RE investment includes value added, appreciation, tax benefits, equity pay down, and the cash flow. 

In the City of Austin, we saw a 6.5% increase to $575,000*Total sales increased 2.5% in the metro.

They were total add-ons.

I totally agree with @Caleb Brown, especially the part about consistency!