Ready To Buy/Hold My First Deal - Possible Section 8?

[Matt Huss]

Hey Bigger Pockets!

I have been a Realtor for about 4/5 years now and have a decent amount of liquidity saved up (just under $100k) to be invested into my first rental property.

To be honest, I have been considering buying Section8/Affordable housing properties due to their "guaranteed" rent/tenant stability. Not to mention the purchase price is much lower which would allow my capital to be spread a tad bit further.

Thankfully, since I still hold my license, I can use the commissions earned as well to cushion some of the downpayment/reserves needed upon closing.

My questions are below and I would appreciate any/all feedback for those who buy/hold affordable housing/section 8:

1.) Which is the best way to finance these deals? Conventional lenders? Hard Money?

2.) What has your experience been?

3.) What would you caution first time investors on?

I welcome any and all input as I want to soak it all up before purchasing my first deal.

Thanks in advance!