I imagine it relates to the quality of the area but on what metrics?

I am a noob here and starting to learn about Real Estate Investing in Rental Properties, and had a couple of questions on how people typically crunch their numbers when analyzing a deal.I watched a replay webinar from BiggerPockets here and saw that when using the Rental Property calcualtor on the site, they usually calcluate in Vacancy, Repairs, and CapEx into the expenses.I am reading that people usually aim for 12% or more CC ROI and that would be considered a good deal.

I been listening to Bigger Pockets Podcast, watching their youtube videos, and reading up on the Ultimate Guide to Real Estate for Beginner book... anything else I should do? 

Watch transfer taxes based on PP.

That way when people come through they can see the quality of work that has been done and actually picture themselves living there. 

As he was just leaving he saw the old tenant parked down the block watching the unit.  

start watching webinar a taking notes 

If their quality of work is similar go with the 1st bid bid and don't look back, $1500 is a big difference.

It depends on what it needs and what the marketplace expects as far as quality of property.Personally if the place is empty when I get it Like to rehab to a nice level for two reasons.

Crime, homeownership %, the possibility of appreciation (because of the demand from homeowners), are factors that attract quality tenants.