You'll start to learn the shorthand of ARV, CoC, ROI, cap-rate, etc. pretty quickly.I think most of the language around "where to buy" is a lot easier to understand:  job growth, population growth, average household income, unemployment, school district quality, crime heatmaps, blah...blah...blah...  

@Michelle Ayala It sounds like around $7500 worth of repairs in what you listed, maybe more depending on quality of finishes.

Are there any deferred maintenance items that need to be addressed (i.e. air conditioning, hot water heater, etc.)?

From your experience and expertise are there any tips you would have with vetting a company or any initial questions that I should be asking them?

And is it of a quality and location that a Section 8 Tenant would WANT to live there - or would they just take it because it is all they can find before their voucher expires?

Just the other day after started a new podcast my 20 month old son said, "Quick Tip, Quick Tip!" 

If you're looking for appreciation: neighborhood quality, school ratings, crime levels, population changes, renter/owner occupant ratio.

My experience has shown a shortage of quality property managers, so you should be successful if you keep owners perspective at the forefront.

Most have a tenant rep broker they use and connect you up with them.Cap rate is usually tied to location ( urban,suburban,rural), location and quality of the tenants ( national, regional, mom and pop), and terms of the lease ( primary lease term in years, level of lease guarantee, rental increases, any termination rights, disclosure of sales, restrictive use rights, co-tenant anchor clauses,etc.).You need a void analysis from a landlord rep leasing broker.

If anyone could give me some tips/tricks that they use to evaluate a rent that would be greatly appreciated.