As mentioned above, the University provides a lot of different types of renters like grad students, recent graduates, professors, health professionals and stuff.

They should be able to provide you with instructions for creating a Quit Claim Deed, transferring the property from one entity to another.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Does anyone know of companies that have acquisition managers that they can place with a small real estate investment firm? 

I am all in favor of professionals charging for the value they provide but dang $20k-30k++ is a TON! 

An application, approval/denial letter, lease, checklist, termination and security deposit notice, will cost many thousands of dollars from a lawyer if he drafts it from scratch for you and, for example, if he is not located in Cincinnati he probably will not be familiar with the ordinance requiring deposit alternatives or providing tenants copies of the ordinances and statutes the City requires. 

Quote from @Lisa Chalker: We made the move over to 1800ACCOUNTANT this year after being unhappy with our local accounting provider.

Everything I mentioned above, you can do it yourself or hire a professional to do it for you.

I have several properties throughout a handful of states, all professionally managed.

If you're buying in cheap/rough areas then you're likely going to be getting market rate tenants who, for whatever reason (but usually something in their criminal or rental background) can't rent in better areas and can't qualify for vouchers.Nothing wrong with being a low-income housing provider as an RE strategy, just don't assume that subsidized tenants will be flocking to your units.Good luck!