Apartment Complex full of Govt. Assistance Tenants

[Chris Ayers]

Checking out this one 29 unit apartment building now and spoke with the current PM who mentioned that:

• Most tenants are on government assistance
• Building is old but condition is fair
• Great cash flow. 
• Converted hospital to apartment building years ago 
• Owner pays utilities and you can't separate

It's in a class B-C area but not sure how I feel about most of the building being on government assistance. Has anyone every dealt with situations like this and how did it turn out for you?