Income:$3,800 Gross Monthly Rent CollectedExpenses:Management $380 (10%)CapEx $228 (6%)Repairs $150 (4%)Vacancy $304 (8%)Wind/Hail $200 (5%)Property Taxes $200 (5%)P&I: $1,900 (50%)NET PROFIT = $450-500/MonthCash on Cash ROI: 8%LOAN DETAILS:Purchase Price: $350,000Downpayment: $70,000 (20%)Amortized Over: 20 YearsLoan Interest Rate: 5%Income-Expense Ratio: 1.08%Gross Rent Multiplier: 7.68

I'd like to get their advice on the best repairs to move forward with based on the potential rental income for the area. 

If your leases did not address such an issue, then do the best you can to keep your quality tenants happy.

If so this is not going to fly with the lender -Are you going to be responsible for repairs for 9 months?

However, I feel like the sooner I start, the better, as some of the savings from house hacking (other than creating a rainy day fund for house repairs, of course) can be used to chip away at our student loan burden. 

One "piece of the 70% rule" is repair estimates.

I have enough emergency fund and income to cash flow most repairs.

As for "investor friendly", I learn this saying from a customer of mine many years ago, "Cheap is not quality and Quality is not cheap".I believe in building long term relationships where both parties can make money.

Focus your market searches on keywords like "as-is" or "TLC" etc to get your listing down to what you are looking for.Know what your local lenders are willing to refi for after your repairs so you know what LTV to use.

My property manager handles minor events and I respond with decisions for major events such as a repair that exceeds $1K.