Lastly, have them sign a mini-lease with these details. 

The world of credit card sign up bonuses is extremely broad and deep (too deep to go into detail in this post) but you should be able to hit multiple minimum spend requirements (MSRs) and receive significant bonus value. 

I love the long term wealth building potential that can be found in rentals when done in a smart way.I have learned a ton about deal analysis and so I feel capable of analyzing deals, but I was really curious what some of the more experienced investors are using as their thresholds to sepearate the "good" deals from the "run of the mill" deals.

Have your realtor (get one if you do not have one) run a CMA (Comparative Market Analysis) to find the Fair Market Value once the property is rent ready.4. 

I'm trying to avoid paralysis by analysis. 

Details are here:https://www.biggerpockets.com/forums/521/topics/57...Check biggerpockets.com/events to search for more in the area!

If there's a hole, it may be a red flag.b) sensitivity analysis: I examine all the assumptions, and make sure I can live with the worst case scenarios.c) "Stall and see": if they are getting money over multiple years, and there is no penalty for investing later, I would usually wait so I get some real performance data, versus having to look at theoretical pro forma information.d) Recession stress test: I will not invest in anything, until I subject it to recession level stress and see if I can live with the result.

Each step is not easy for me, however, for the benefit of use the $250,000 LOC over and over, this risk is worth to take, and I need to buy and read more books, and lay out a detailed plan before putting into action.Thanks again,Yuqi

Here is a report from FEMA and the US Fire Administration that details the fire/explosion danger which you can cite to support your PM. https://www.usfa.fema.gov/downloads/pdf/publications/electronic_cigarettes.pdf

The bank should provide some guidelines on that.All parties (contractor, bank, and homeowner) should draft the scope of work to be performed in as much detail as possible (example this type of carpet, this type of doors, etc.)Once the scope is agreed upon, the contractor is to provide you an estimate and a schedule (consider using a guaranteed maximum price type contract, this basically holds the GC to a ceiling).