What's critical is to pay off the debt within the intro time periods.

REI is a great form of wealth building, but the first deal is CRITICAL to your future growth.

The better the comps (very similar properties, very close by, and very recent), the higher your confidence level.Needless to say, getting ARV right is critical...because everything else is based off of it.I recommend seeing if you can get your hands on some old appraisals to better understand how a licensed appraiser determines home values - an appraisal is the gold standard, so why not model your method off theirs?

Some constructive criticism: in your question, it sounds like the tenant is telling you what to do.  

Early on, it's critical to document your assumptions until your ballpark estimates are pretty accurate.Hope this helps.Rick

Marketing is not just about posting the property's photos and information on various marketing channels, they must also follow up on each lead and get potential clients into the property and get them to submit completed applications.Prospective Tenant ScreeningProper tenant screening is critical to finding good tenants.

I'm not criticizing this, but there's a lack of even the most basic knowledge from these folks and, as much as I would like to help educate them, the sheer volume is just daunting and unless I'm in just the right mood, I keep scrolling.Then we get these types of questions:~If I don't have access to the MLS, how can I determine a good offer price?

I tied the deal up quickly with 2 very critical amendments to my P&S Agreement (will discuss below). 

Goals are critical!! 

@Wayne Brooks  this is a critical issue in many states and its state specific.. like MS we use QC all the time no problem. in other states its a problem... for instance in MO I had a client that lent money.. this was a flake that was trolling AUSSIE's bad actor from KC... he then quit Claimed house to lender.. but this would not hold up and lender could not resell.. lender had to do full blown foreclosure because the guy went dark.. were as a DIL would have done the trickOP,  I think you can have your grandmother sign the warrenty deed .. it does not extinguish by signing a QC the warrenty deed is then recorded and the title company has what they want..if she is not capable.. then I think you need to petition the court for help.