The PM will eat up ~$2240 a year. 

tenant damage can eat up a low vacancy rate VERY easily. 

Agents can be useful members of your team, but in the situation you've laid out, I'm not entirely sure how they will be valuable to you and will just uselessly eat into whatever kind of margin/profit you would be making on the dealAny other details I may need to get this thing rolling.I'm a little confused on your exit strategy here.

Otherwise be prepared to eat the carrying costs.

We are looking at a property to purchase with this unit mix, and we are concerned more about renting the 3+2 as opposed to the studios when a vacancy comes up...I rent studios all of the time in the property management company I work for, but we only have three 3-beds in one of our buildings, but it's a large building and a 3-bed vacancy won't eat up much of the vacancy rate.  

Or give them a bit more than that off and eat the difference.Personally I've been subsidizing the heat costs a bit with a winter rent discount, my fault for procrastinating.

As any SFR owner will tell you, those costs can quickly eat through the security deposit and then some.There are a lot more things you'll need to account for, but off the top of my head, the above expenses are a starting point.

At a local level or federal, your residence needs to be a place where you can eat, take care of physical needs, sleep, and keep personal property for your existence as well as a place to be notified by government.  

We have received a good offer for it, and feel like we can do a lot more with the funds, rather than letting inflation eat it up over the next 30 years

All of these, "oh I struggled so hard, I was at my wits end, you would never believe how broke I was..." coming from people who have really never; lost it all through medical disaster, theft, con, whatever, where you are disabled, living in the back of a moving van with your wife and children, wondering just how and where to find something to eat.