Your vacancy allowance seems very low (turnover only once every 4+ years), and I don't see any insurance or capital expenditures.

The study could also identify the opportunity to capture additional benefits such as dispositions, and repair and maintenance expenditures.

And, I just document every expenditure - regardless of amount...just is what it is and it is annoying.

Also keep in mind capital expenditure. 

Even a $500 increase in rent coupled with the $3,000 for the car and you're looking at almost $10,000 in expenditures that you don't have to make and that will inhibit your ability to grow and accomplish your financial goals.I would try to sit on this for a year and see what you can accomplish. 

I created a spreadsheet to calculate mortgage, down payment, fixed expenses, variable expenses, rental income, mortgage rate, and tax and consider future/potential maintenance, expenditure, and vacancy. 

I know what capital expenditures are, but I did not budget them on my other rental.

Also capital expenditures and major repairs are not part of NOI since these go on the balance sheet rather that on the income statement.

It's too much work and a greater capital expenditure for them.

If their car note, utilities, credit card, and rent are all due on the first and rent eats up most of their first paycheck there's a good chance I'll get ghosted til next payday anyway since they need their car to get to work, utilities paid to keep them on, credit card for day to day expenditures, but my house isn't going anywhere and evictions take time.