Tax strategy/Planning is where investors should focus IMO since you’ll get a tangible ROI.

This is a great strategy for high income earners as they can purchase a short-term rental get a cost segregation and slam a huge loss through to offset current years income. 

Is asking price * 70% - repairs = offer a good strategy?

What's your investment strategy and buy box?

The Book on House Hacking Strategies by Bigger Pockets is also a fantastic book4.

This is hands down one of the best investments I've made in my own education (for contrast: my BS and doctorate cost me $250K, and for RE, apart from books, I recently spent $18K on a syndication coach and $5K on multifamily strategy with Christian & Cody) -- and her course was a fraction of these costs at only $2.5K (Soli: you should up your prices, you are worth it)!

@Craig PeckLove your strategy, either way makes sense.

There are so many strategies out there, it might take some time to determine what works best for your goals.Which brings me to my next point...what are your goals?

Feel free to reach out with any other questions. - Chris Kersey 

Hey Jene, To ensure the viability of your strategy, you'll need to utilize several calculators.