Me vs. the Wife (Section 8 and squatting)

[Adam Eckhoff]

Good Afternoon BP's,

I'm about to throw a hypothetical scenario at you guys, and please let me know what you think. 

Let's say I come across a property in Atlantic City, NJ with good bones (roof, plumbing, windows, electric, etc..), or even Turnkey! Now, let's say its a three-bedroom SFH which would sell for $150,000 to $200,000. Assuming it's Section 8 approved, why would it not be a good idea to slap a Section 8 tenant in there and collect positive cash flow? Assuming my mortgage payment is around $1,000 to $1,500 per month, and i would receive $2,200 per month from Uncle Sam, why would i not do this?? (ASSUMING, the tenant is screened properly). 

Conversely, my wife is very hesitant to join me on my real estate journey ever since she saw news about squatters. How would i handle her doubts about squatting rights?

Final FY 2024 & Final FY 2023 FMRs By Unit Bedrooms
Year	Efficiency	One-Bedroom	Two-Bedroom	Three-Bedroom	Four-Bedroom
FY 2024 FMR	$1,172	$1,340	$1,670	$2,353	$2,584
FY 2023 FMR	$1,081	$1,257	$1,583	$2,240	$2,445