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Updated over 5 years ago, 08/26/2019
Maintain or get rid of Section 8 eligiblility?
I’m looking into a duplex property to purchase, and we found out it’s Section 8 qualified. This is not something we were targeting, and frankly, I don’t think we’re interested in using it.
Question is: Should we cancel the status? Or is section 8 qualification seen as an asset to the property because it gives the owner the option to leverage or not? Is there a cost to maintain?
Property is in Sacramento, CA.