Do they start lawn and snowplowing business to service their properties?

Closing costs covered by seller.NOI:NOI is projected at $61,500 / yr or $5,150 / moCurrent gross rental income at 100% occupancy is $8,600 / mo.Projected expenses, at $3,450, include vacancy, taxes, insurance, management fees, repairs, garbage collection, and lawn care.Additional information:Debt service is $3,000 / mo.  

Artificially deflating values instead of inflating them.By the way when we listed that house we had two offers close to list price the day we listed it so obviously I was closer to true market price than they were.My point in all this is to tell you that appraisals are far from scientific and these days have a bias to be low so don't read to much into the appraisal.  

The only additional expense item which I include which I do not see in your list is I always include a cost for lawn mowing/snow removal. 

(Of course, there's tens of thousands of dollars that you're artificially liable for, on top of what their actual loss would be if they negotiated a lower payout with you now).

No more bosses, artificial deadlines, or fear of being laid off.

I have a tenant in a SFH that is responsible for lawn mowing, but there's zero outdoor storage.

If you take the time to make your own lease, you get to decide whether it's okay for tenants to park rusty, dilapidated cars on the front lawn.

The lawn is probably a common area too.

And you are correct when you mention that "no one will care about [your] money more than [you]"... again no one is arguing that... but with your logic that applies to anything, might as well cut your own lawn and might as well do your own kitchen remodel and might as well represent yourself in court... it's the classic 'stepping over dollars to pick up pennies' scenario - one must find value in services, pay for them and move on to bigger and better things...