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 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.

BTW, I could post many more that are much harder hitting and include people that are not of my same political persuasion who  warn these advocates and politicians to not continue to go down the rent control path as the evidence is overwhelming that they only hurt the very people they claim to help.https://www.forbes.com/sites/brendarichardson/2023/03/23/nat...

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

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.

The other was day after the sale.So that's the problem with a lot of the trainings....they'll tell you that you can make these huge % penalties, but they don't tell you that almost no one ever pays that.Also I'm guessing in lien states, many of the liens are pretty small initially, so have more potential to get paid off. 

There's something to be said for working with real professionals and paying them a fair price.