Late fees are charged automatically and show up on the account right away, so no-one can ever "forget" to pay them.

He requested the copies of leases from the seller, totaled up what the deposits should be with accrued interest (we have to accrue interest and pay that back to the tenants upon move out here in MD), figured up the prorated rent for the month that was due to us, and then he automatically moved the security deposits and rents to us at closing from the sellers statement.

Or maybe there is another piece of the management process that you could automate, either be using a VA or forwarding maintenance calls to a handyman automatically?

I work diligently to improve my credit score, and to automatically set money aside. 

If it's a smaller property, you might be able to get away with just a handyman, but he's got to be able to collect rents for you if you don't have a way of automatically collecting them from tenants, such as direct debit, if that's legal where you are looking.  

Your agent can set up an automatic search for All new listings, or just for REO's.

There are also loans where they will give you 1-5 at 4% and then it automatically goes to 6% in year 6 to 10.What I am saying is do not leave it open where a bank can just charge market and it is really high in year 6.

I modified and expanded it to meet my needs for each of my properties and I now have a monthly automatic withdrawal go into savings every month so I can build my reserves to pay for expensive things that need to be replaced/upgraded.  

Put the $1k in a DIFFERENT BANK than you normally use, and start saving with an automatic contribution to that account, so your subconcious doesn't "see" the money in your account and figure that it needs to be spent.Interest rates; yes, mortgage interest rates are likely to go up in the future, but so will your CC interest rates.

I automatically don't trust the companies who leave them off and only work with ones who do (far from my only criteria with a company, but it's a huge red flag).