HUD Section 8 Landlord

[Jeffrey Swanson]

I currently do not have any investment properties but am very interested in getting started. Has anyone went down the HUD/Section 8 path as a landlord? It seems like you could buy houses on the cheap side and get government guaranteed rent on them. Are there any major downsides, regulations, qualification, etc?

On the same note has anyone bought a rental unit and then later listed it as section 8 housing when they couldn't find a renter? I would be interested to know if that is a good plan B.