Is $107k your true net, or do you have any other expenses (mortgage, taxes, lodging taxes and fees, insurance, utilities, landscaping, WiFi, etc.)?

Then paint with a real expensive quality paint like Behr high-end products.

The problem with averages is that a large number of high or low value properties can skew the figures either way.

Padsplit seems like a neat idea to me, but seems expensive. 

You could also reward staff for lease renewals, positive guest reviews, and reducing unnecessary expenses.

In my experience, the average Section 8 resident behaves differently than the average market rate resident, and the government-backed rent is not worth the added hassle.  

My first reaction to your post is if you're purchasing assets that are throwing off positive cash but your DTI is going up then it may be time to re-evaluate the type of assets or the expenses associated with those assets.  2.

Finally the pro formas that they provide are absurdly basic and neglect at least 25% expenses, so are essentially useless. 

This could allow you to buy time to get your financing in order and buy it later.Just be sure to run a cash flow analysis so you know whether it will cash flow based upon its current expenses.

Our biggest expense was replacement vinyl siding, which costed around $40K.