And you should have something in your lease agreement about immediate notifications for any water leaks of any nature and the consequences of tenant not doing it.To summarize: it depends on the roof condition, the insurer and your financial planning, it might make sense and have options in replacing the roof, or might be better to do repairs and postpone replacement.

These reports will let you summarize all types of expenses for each property and total them for all properties.  

@Brad HasselerTo summarize where most PM companies fail I would say: building business systems.

The independent was the cheapest but the father and son team seems to be on top of their game a little better and they have a small support staff.To summarize Maintenance1) Plumber/HVAC2) General Handy Man3) Painter/Drywall Guy4) Roofer5) Electrician6) Garage Door GuyOperations1) Banker2) Accountant3) Title Company4) Realtor - until you buy a couple of houses using one they are really not going to give you any special treatment even though they tell you they will. 

And you'll need the QI to be in place prior to close because there are specific documents and addendums needed to the closing statement to reflect the 1031.Regarding the gain/depreciation calcs those will be easily summarized by your accountant on the form 8824 that they'll attach to your 2019 tax return. 

Summarized, LEGALLY, THERE EXISTS NO OPTION FOR NON-PAYMENT OF RENT.

@Bill Gulley and Rick H. make some good points, which I would summarize as there are routes to a destination.A question I would ask you is how do you learn best?  

@Jami Morton, I'm going to summarize a lot of the comments already made and maybe add a few more of my own.TK is designed for Cash Flow, not appreciation.  

According to http://settlement.org/ontario (well, I live in Ontario), here are your responsibilities (I summarized them) if you are or wish to be a landlord:§Keeping the home in good repair: You must repair and maintain the home, and obey provincial and city health, safety and maintenance standards.

Way better than I could have summarized and I have been doing this for too long!