Since you currently lease that is good, as that lease payment is added back into the cash flow analysis. 

Not the least are a number of software programs (started out as forms), that do everything from Market Analysis to Business/REI Planning.  

Im a virgin landlord looking to buy my first rental and was hoping to get some feedback on my analysis before I make and offer.

You're good at budget analysis on any particular property deal, apply similar principles to the family budget!  

The appraiser will include a rental analysis of the market rent; this will likely be lower than what you can probably rent for, in my experience.  

However, for analysis I need some clarification.You need to show all income and expenses as either monthly, annual or both.  

To not lose money, have a negative cash flow, be underwater in your mortgage (owe more on your mortgage than the property market value ) analyze at least 10 properties cash on cash, ROI (return on investment), Internal rate of return (IRR), capitalization rate (cap rate), rent to value, debt coverage (DCR), Gross rent multiplier (GRM) are some ratios used in property analysis of SFR or MF rental investments.

nice job danas long as your not going to get in hot water which it looks like your not do what you think is the best for the long termmeaning get the cash purchase next one and keep groovingdon't get stung by the analysis paralysis bugenjoy

Your investment goals come into play with this type analysis as well.Comparing 30 year (SFR) with 20 year amortization (or some different amortization for 5+ units) is comparing apples-to-oranges if you don't use IRR.

Then do like @Brandon Turner teaches on his weekly Webinar and start doing deal analysis.