The extra exposure as well as having a dedicated revenue manager usually offsets a lot of the management fee. 

Let's go 5% Maintenance, 5% Capex, 5% vacancy to get crazy. that's $195/month in the contingency account resulting in $155/m Net Cash flow.As i will not be drawing this money, let's say i have a CAPEX issue in year 10, the auto-pilot account should have a balance of $42,000, $23,400.00 of which was dedicated to the above-mentioned "contingency" budget.

I dedicated a chapter in my book to "the worst partner you'll ever have" (IRS) and I'll never change that attitude.

You should definitely have at least one and probably two experienced and dedicated title reps willing to take your calls ALL morning if you are using the kind of shotgun approach that makes auction acquisitions successful.

However, due to my dedication to my studies, I don’t have any income at the moment.

By either listing it yourself or referring them out to a dedicated listing agent. 

With all this said you may want to dedicate your resources to other areas besides deal management until you're blowing and going so to speak.

However probably the answer ls with the ability to dedicate some versus all of the persons time.

On the other hand, one of my LLC's is dedicated to paid-off rentals.

It just takes dedication and knowing which sacrifices need to be made to achieve financial freedom in the long term.Yes, having to work for piss-poor wages with debt sucks.