I actually had a client a few years back who had to go the buyer who out bid him for  a property and offer that person a sum to then sell to him so he could complete his exchange - ouch!

I think a common standard is 30,000 persona l property/100,000 liability, and is what I require in new leases.

I pick up the rent in person as I only have a few units.

@Jeff Hartley you really have not mentioned if it is renting to a 3rd party person as if the basement is a separate unit, or if he is just going to rent it out to someone like a roommate type situation. 

Also, will make Las Vegas on Case Shiller index strong #2 for 20 Cities Largest Metro.Terry  Greater Las Vegas Real Estate Market OverviewPosted by Zach & Mas Roberts on Monday, November 6th, 2017 at 9:51am.October 2017 Single Family Residential (SFR) closed sales were up 1.6% from September and up 13.2% compared to October 2016.

X mas cards go along way.

This person, as evidence by her prior eviction and her not paying you, either doesn't have any money to pay rent or is a professional tenant that moves from house to house doing this to landlords.

If you make it too detailed you run the risk of missing something and person a) doesn't see it so no action, assumes person b) will do it.

So I told the agent after it went under contract and we didnt get it...that I wanted to present our offer to the seller in person as a backup offer.

I live in a fancy neighborhood & receive tons of junk mail from realtors.  99% go into the recycle bin, since I'm not interested, but I do open and examine the handwritten ones that appear to be cards ( like a B-day or X-mas type card).