Excel Program in Cincinnati and HAP

[Michael Hooper]

I've been exploring a deal in Cincinnati. It seems to be a great price, 20 units for $18k per unit and its in decent condition. But part way through the due diligence I was informed that they are all apart of the Excel program, which is house for people with mental disabilities. They're all on HAP, which is the housing assistance program. So I'm not really even sure what to ask from here. I have no experience in this area. Has anyone dealt with this before? Are there any added headaches I need to be aware of? I was given last years financials, and everything seemed to look fine, but I just don't know what to expect.