203K Quadplex for Section 8

[Esteban I.]

Hey all,

I'm looking at quadplex and triplexs, they go for 190-250k for what I'm looking at. 

The local section 8 guarantees payment for $850 1BR/1050 2BR.

I'm just confused though - if section eight guarantees these rates and they're considered below market - why are these places available? They're also MLS, so no pocket deal.

Some common things I could think of:

1. Long term tenants/leases.

2. Maintenance needed. 
3. Locations (they're all fine imo, but average middle class)