That means it takes forever to pay off the mortgage meaning you're paying a mountain of interest. 

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. 

What should I do if my tenant isn't paying rent?""

After I make those payments then my lease with them is for $5,250 for 12 months where they pay all of the utilities.

I do not have 5 layers of management that make my rates higher, no lender I work with pays for my office space, licensing, benefits, marketing department, compliance department.... 

Add that to about $25K tax for the depreciation recapture, that would be paying a total of $70K in tax if they do the 1031 exchange. 

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

We own two beach houses in ocean lakes and they average around 50-70k/ea depending on economy etc. you couldnt pay me to buy a condo in nmb or mb right now

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.

You also only pay interest on the amount you use.