Along with the stuff listed above, I keep on hand:
Cleaner and Sprays:
- PB Blaster, WD40
- Carb/brake cleaner
Bolts and the like:
- I keep a good sized organizer that has everything from snap rings, nuts, bolts, washer, lock washers, fuel bungs, cotter pins, fuel clamps, fuel filters, carb needles, seats, and so much more in it (all of assorted sizes, of course).
- I also have a wall organizer that has a collection of different sizes nuts and bolts (I also live about 5 minutes away from an excellent hardware store so if I don't have it, I'll have it quick)
Tools
- A good set of snap ring pliers, so useful!!
- You can't have enough sizes or styles of pliers!
- Impact wrench (more of a luxury than a necessity, but still very handy)
- Multimeter
- Multiple sets of sockets, wrenches, socket wrenches, impact sockets, stubby's, deep well, etc.
- Torque wrench (3/8 at least, also 1/2 is good to have)
- Vice grips
Oil:
- Minimum of 1 gallon of Rotella 30wt (summer and winter use)
- GREASE! I keep a grease gun with extra tubes as well as a tub of grease for repacking bearings and the such
- Keep some extra containers around for old oil. I keep two 5 gallon buckets as well as a couple single gallon containers
Filters:
- Gas, fuel, and hydro; what else is there?
Rebuild kits:
- I don't keep specific rebuild kits around but I do have enough parts that I could rebuild about any Kohler carb if I had to
Misc:
- Fuel line
- Black hi temp spray paint (heat shields are usually pretty rough)
- Floor jack and jack stands
- Tons of stuff I know I'm forgetting
And perhaps the most useful tool of all: a bench vice I never realized how badly I needed one until I got it. I use it on almost every project I do.
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-Ryan 
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