If the rental rate is sufficient, that's only if you want it to be an ideal BRRR with $0 cash left in the deal. 

This lack would result from not having sufficient cash reserves. 

It's not an exact science, but it's sufficient. 

I do most maintenance work myself that is majors, but I will begin to outsource that as well now that I have sufficient budgets for that. 

Your basic insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Emmanuel,If your loan officer did not set up accurate/enough months held for escrows tax/Ins the new lender will do an escrow analysis and require the sufficient amount.

Umbrella policy is an extra policy that offers additional coverage to protect you from not having sufficient coverage in case a claim comes against you due to injury.

The problem I've ran into is that a buyer that has been doing auto-deposits monthly has had 3 strikes when it comes to "in-sufficient funds," and at that point MSE requires they be placed on mailing in checks only.

Just make sure that they have sufficient available credit servicability to cover another loan. 

Dave, last two year's tax returns with all schedules, last pay stub (sufficient with tax returns, if returns are not needed, you'll need the three stubs) & copy of all deposit accounts and savings/retirement accounts.