thinking of getting involved in a section 8.

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I was looking around some real estate listings and saw quite a few listings in a not so great area. One listing in particular stood out. It was a recently renovated vacant single family row house for about 70k. The listing said that it was section8 approved.

i went to the resource section of this site and it had link to something called section 8 fmr's. If i'm reading this correctly, the fmr for the area i'm looking at is over $1100. Does this mean that between the govt and the tenant i would collect over $1100 a month in rent or is that just a cap on how high the rent could possibly be and the local fha will determine what they'll pay me?

If the $1100 a month rent is the case then I plan on learning as much about this as I possibly can and jumping on this right away because that is really good cashflow.