(Over kill))File Cabinets to hold tenant filesDymo Label Maker to make my Index Tabs You see, the more organized you are and the more professional you are, speaks a great deal as to your credibility. 

Im surprised not one just decided to offer an overkill bid of $225,000 just to steal the property right off the bat.

If it's just rentals, check this out (comments too)-https://www.biggerpockets.com/renewsblog/2013/08/1...Could be unnecessary overkill.

There is a Mortgage Recording Tax of around 2.175%So imagine you buy a property worth $2 Million, put down 20% or $400k.Then you create another lien, say $500k.That will cost you $500k x 2.175% = $10,875.Further, if you really want to make this a valid loan, you would probably create a LLC, fund it the $500k, have it establish the new lien on the property, let it get paid the Interest.Now you will have to pay tax on the Interest and filing fees for the LLC and have a CPA do your Tax Returns.That might be worth it to someone, but to me, it's a little over kill when you can just get an umbrella policy for less than $300 per year that will cover you an additional $2 Million.

This is really good advice on long term holds, but probably overkill if you have a short holding window, or are just getting started with your first property.However, for tax purposes, an LLC acting as an S-corp is your best bet. 

It is probably a good theoretical min baseline if you're taking in all the variables (tax benefits included) to come up with your min ROI.Again, that's just the perspective from this simple man's brain.I may have gone overkill on the explanation, but I hope it helps you, or maybe a less experienced investor understand that there is no perfect number to judge all deals. 

Their under writing is overkill.  

LOLThe issue that I experienced with mid west was turn over.. and turn over kills rental returns.

In addition, we keep 13 months of reserves in a money market - easy to liquidate in case the emergency requires more than $3k. 13 months of reserves can be overkill (our financial planner tried really hard to convince us 3-6 months is enough), but I like to be conservative and lenders kind of like it .

They strongly recommended removing the tank so that the soil could be tested & cleaned if necessary.The agent for the seller refused to consider this & my agent considered it overkill.