You pay all your contractors WHATEVER THEY ASK FOR, and if they're not damned good at what they do and know exactly what they're worth, they're not worth working with.

The seller doesn’t pay a penny.

No need to pay for ongoing PM.

If the landlord does win the lawsuit for damages, the tenant may simply not pay it.

I have enough in savings to pay for it but I keep asking myself should i just sell it and get it off my plate and lose the low interest rate or bite the bullet and do a big rehab and continue renting it out.

They are going to write up a field estimate and are willing to (usually) pay you (the homeowner) or your preferred Contractor that money for the repair.  

I've agreed not to pay him back for 5 years.I also own a few bed and breakfasts and million dollar STRs.

I would also send a formal USPS letter to the tenants alerting them of the change and how they will pay rent, report issues, etc., going forward.

You'd need to look at how much this loan would cost you, how long it would take to recoup those costs...if you lock yourself in with a 5 year PPP and rates drop in 2 years, you're going to end up having to pay a hefty fee if rates drop and you decide to refinance.

Buy houses that make money here and they’ll pay for your vacations :)