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Many investors avoid section 8 apartments because tenants destroy the property. Section 8 has more pros than it has cons since you’ll be working with the government and the Federal Housing Assistance. This program started back in the ‘60s to help low-income families pay rent.
Most section 8 programs will have the tenants pay around 30% of their income towards rent. The program will allow a rent increase of 5-8% a year and you will have a large list of tenants to choose from that have already been verified. With section 8 apartments you can maximize your results while minimizing liability and inconvenience.
The professionals at the Local Records Office created a list of the benefits of section 8 and how you can make money using this government program.