Personally, I would say no to offering a rent decrease because of a leak.

This person probably sites on the internet and thinks they know what they are talking about but again 100% clueless . 

It's a nice benefit while you live there, but it shouldn't be the deciding factor in what you do next...it can play a part in the discussion, but the much greater benefit is your ability to sell tax free on your personal residence with a 121 exclusion. 

Most likely you'll never have an issue unless the company/person doing the repairs after the fire cut corners.

I will say, personally if I'm going to a rental and they have a golf cart that would be AWESOME and I would love it, but I know I'm responsible.

I would personally keep the property unless it's going to be tough to cover the difference. 

Personally I am not sure what investing out of state looks like, and I would truly feel incredulous if I could get help from any of you amazing friends here on bigger pockets!

You need to pass "material participation" test and personal use test, but that's for your future tax professional to explain.Yes, bonus depreciation is possible, but only on the current value of the personal property and land improvements.

I would highly recommend staying away from anything being transferred from one person to the other directly.

My current rentals are all in my personal name with conventional loans.