Get estimates for all repairs that are above fair wear and tear in advance. 

And that's fair since we know not everyone is honest about their listings.

Context matters, and there are steps you can take to protect yourself while still giving applicants a chance to prove their reliability.ALTHOUGH, still stay compliant with all of your states Fair housing laws, Always.

I am currently ending the co-ownership because my dad seriously screwed me over & I have no idea if it'll end with me getting half the fair market value now or waiting until my parents die before I assume it. 

A few things to keep in mind:Section 8 requires the property to pass an inspection based on HUD’s Housing Quality Standards (basically making sure it’s safe and well-maintained).The rent you charge has to align with Fair Market Rents (FMRs) in your area, so it’s good to check what similar properties are renting for.You’ll still be responsible for maintaining the property, but the upside is that a chunk of the rent is guaranteed by the government, which can provide steady income.Check with the local housing authority about any specifics for your area—every jurisdiction does things a little differently.This could be a great niche if you can find a good deal on the land and make sure your expenses (like maintenance, insurance, and occasional vacancies) are covered by the rental income.

Pro:  In spite of the amazing advances in home office colour printing technology, most national governments take a fairly dim view of you producing your own money.

Renewals and rent increases- Research market rates; 3% is fair, but adjust if you’re far below market.

My area generally has fairly long term renters.

I for one can’t wait to see how the next financial crisis (which I think is coming fairly soon) impacts the Bitcoin/crypto market.

I can get my GC license fairly quickly and without too much hassle from prior experience.