MAO is wholesaler and flipper speak to buy at 70% minus repairs.

First of all you don't have as much control of your expenses, and HOA's love to under-collect annually and then sock you with large one-time special assessments to do repairs.  

My wife and I still manage our portfolio and have found this to be the easiest management technique for us. 

it's because  they just dont want to deal with the repairs of the property and also don't live in the area

@Patrick Charles This post is a good start https://www.biggerpockets.com/renewsblog/2011/11/09/gross-rent-multiplier-%E2%80%93-techniques-to-speed-up-your-decision-making-part-ii/

Plus, you’ll end up managing tenants, repairs, etc when I’m sure there are better things for you to do while in school.

But I'd like to run the numbers in the scenario as I move out after 2 years living there to check the cashflow- Financing: owner occupied conventional loan - Downpayment: 5% - Interest rate: 4% - Loan period: 30 years (fixed) - Vacancy of 5%, Repairs of 5%, Capex of 5%, and PM of 10% - I assume I can get 10% discount based on how long it's been on the market (purchase price of $719,100) - I used Realtor.com from the link and based on purchase price of $719,100 it gives me prop tax of $749- I relied on the listing agent data of $92 per month for home insurance - I relied on the listing agent data of $112.50 per month for water, $112.50 for sewage, $95 for garbage, and $60 for lawn care (assuming the tenants pay for their own electricity and gas) - I left PMI to be 0 since I do not know how to calculate this Result: Based on assumptions and MLS listing, this property cashflow -$1,280.00 (aka, a horrible investment).

My background is in Finance so I am good with numbers, but don't have a lot of experience evaluating how much repair work a house needs to get it to rental material.Here is the property I am looking at:https://www.redfin.com/WA/Tacoma/506-S-38th-St-984...Here are my questions:- If you were a flipper, how would you structure your analysis of the repairs needed?

I’m interested in their perspective on what is needed to properly repair the situation.

An article I wrote on how to properly do this very technique HERE Let me know if you have any questions on it.