So either you pay for the repair out of the idle cash in your account, file an insurance claim and use those funds, or rollover/transfer funds from another retirement account to cover the cost. 

Be sure to: call & verify employment references, request pay stubs to confirm income & check rental history by contacting the previous landlords.Keep the momentum going!

They just pay the invoices.

If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.

That is not uncommon, BUT asking the seller to do that likely means paying a bit more for the property.

At full occupancy, the cash flow I just keep in reserves for repairs or help pay the principal. 

And you don’t have to pay it back when you sell, you do an exchange.

Now if I pass that income as management fees to S-corp, I pay $3.5K (SE tax) + $800 (LLC fee) + $1700 (CPA + bookkeeping) = $6K in total.

The website does not have an area for me to pay a fee to download the agreement.

Others have simply created a new listing and had the seller notify guests about the change.