Buying a turnkey duplex for section 8?

[Duarte Marques]

Hey all, what do you think about buying a duplex turnkey for less than 100k for section 8 rental? Both 2 bdr and fair market rent on that zone is around 1200 so it would be 2400 all. It would take around 14/30 days to get section 8 approved (it's turnkey so probably it wouldn't have a problem or have minor problems, I would do an inspection first before buying) and then around 1 month to get a section 8 tenant. Then I would consider 7% vacancy reserve, 8% maint reserve and 5% capex.