If rates do drop, you could face higher property costs, potentially negating the benefit of the lower rate.

It’s more of a benefit to the tenants than a money maker.

The added rate adjustments of the term and IO period usually negate the benefits (or many of them). 

LLC orS-Corp.Don't be in the wrong type ofentityFirst – Asset protectionbenefitSecond – Tax savings benefit Rental Real Estate – 1031(same in LLC or personal name)Syndicate - 15% or more in taxsavings, self-employment tax (flippers may use this) Expenses for write off &deductions: equipment & appliances, home-office ($5 per sq ft.), travel costs (related tobusiness), kids (income shifting by payingthem to work for you, meaning business related), membership, conferences &education, meal expenses for business, retirement strategies (selfdirected investing, tax-free or tax deducted, 401K/IRA)depreciation Pro-active Planning / Get a taxadviser Talk to your tax adviser inadvance Fire OutOrganize expenses, listquestions, changes (buy, sell, etc. properties.)Changing entity type from LLC toS-Corp etc.

We are doing nothing different, so I suspect we are benefiting from the Google searches.  

Also some extra logging and annual fee.Does this give me any extra benefits?

Any fees they're charging you need to stop until there's a new tenant and if you have an account with the management company, ask for a credit.After remediation is underway and insurance claims have started, you can see about an attorney and do a cost/benefit on whether it's worth it to go after the contractor.

You'll benefit from appreciation and more loan amortization over time.

Do you no longer want to hold it for 10+ years to benefit from the appreciation?  

Even though Cape Coral is your preferred area, Lehigh is going to be able to offer many more benefits such as better returns, lower pricing, it's guaranteed not to be in a flood zone, and there's a better inventory selectionHistorically, appreciation between these two markets has been very similar.