The last thing you want is a tenant claiming health issues due to improper asbestos removal. 

Dad is 72 and mom is 71 with poor health. 

I know I'll be subject to self employment tax & paying for health insurance out of pocket (versus the group plan I get through my job) - what other expenses or considerations should I factor when looking to go this route?

I doubt you'll get an interest much lower given our current economic situation.

We recently rented a vacation home that was pet-friendly, and we were required to provide a certificate from our vet attesting to the good health of our pet (I believe to ensure that he was fully vaccinated).

@Jimmy Lieu I talked to a septic tank contractor and they pointed me to the right department for permits (Dept of Health, Wastewater where I am) Ended up talking to the person in charge of them at the Dept of Health for awhile, and learned a lot about septic in the process.

You could add an additional provision stating the property is being delivered as-is and that the inspection objection period is to be used only for major health or safety items that could not have been known prior to inspection.

Given the current economic climate, (which I think is in a much more dire situation that some perceive) do you see an influx of section 8 demand?

I have seen report on economic outlooks in Las Vegas and Austin.

And he was asked of prospects of a v-shaped economic recovery in the U.S. following that the present COVID-19 economy fiasco ends in remedies.