Section 8 Housing

[Kenneth Wong]

Hello BP Community,

I have a Mother/daughter in Waterbury CT which I have had on the market for over a year. I met a fellow that has Section 8 and really wants to lease-to-own this property. Section 8 would pay $900/month and he would add another $800 per month.  Here is my dilemma: Section 8 does not allow for additional agreements in connection with their tenant-landlord agreement for which they pay. I would need to have assurances through a separate agreement for the additional $900 per month, which would mean two agreements. The tenant agrees to 2 month security/first month rent up front. Does anyone have an experience from a landlord perspective how this works?  I do not wish to break any laws here, but it certainly seems like I am being asked to do so, to "guarantee" that I can collect $1700/month.  The "side" money I'd from Social Security which would also be direct deposited to my bank. Thanks in advance as I weight this offer. -Ken