Is it a good idea to make our home a section 8 rental?

[Davante Dempster]

Hello,
me and my wife bought our home in 2020 for roughly 280k in Denton Tx. Currently the property is worth almost 400k. We have added solar panels and a few other upgrades and are wanting to turn the home into a section 8 rental. We are wanting to do a cash out refi and use that money to purchase another home. Is this a good way for us to jump into real estate?