New to analyzing deals and have some questions.

[Dylan Fellows]

Im currently looking at multi family and single family homes with little to no renovation to house hack and I’m having a trouble understanding analyzing deals.       
Brand new to real estate and this may be a dumb question but when looking at properties obviously the asking price isn’t going to be the best deal for you so in analyzing the deal are you basically crunching down the numbers to figure out which offer will make the most sense to you to produce positive cash flow, And should that number you decide on be the maximum offer you would be willing the pay for the property?