Section 8 - Pros & Cons

[Allen Moore]

I am thinking that providing section 8 housing may be a more affordable and recession proof way to get started in real estate for rental income. There is more inventory for single family homes than multi and I've done research on the allowable rent payments based on bedrooms. My local counties provide assistance to battered women, elderly, disabled and low income; its a great way to give back to the community and there's always a waiting list. You are subjected to regular section 8 inspections, but as a good landlord you'd want to keep your properties up to standard anyway. I'm still leery of investing in high crime areas, but there are decent blocks and streets. 

Does anyone have experience on section 8? What are your experiences and thoughts on this investment strategy?