I am a co-owner of a house on the northwest side in Portage Park. We get a fair market rental and it is always paid on time by the tenant and CHAC- section 8. Our family loves the situation they are in because we have provided a wonderful home for them and in turn they have taken great care of the home as if it was there own. I would say it is a win-win situation when you have nice people who take an interest in the home and are grateful for a better place to live in and also good landlords. Our people were in a previous cramped space with a bad landlord. We could have these people for life if we choose.
My advice is do your homework and background check thoroughly on the prospective tenants and make sure that your place will pass the inspection. If you do that it should be a good situation in these tough times.