Section 8 Tenants? Worth it?

[Andrew Michaud]

I am looking at a 38 unit property. It seems to cash flow well and cap rate is at 13%. Good condition buildings, good location. 

But, most of the tenants are section 8. They could still be good tenants, but I often hear stories about these lower income tenants. I like the idea of having government direct deposits every month, and less work gathering rents, etc. But does it come with a price?

Are these tenants a pain, calling the owner often, damaging property, etc, or is it case by case where it strictly depends on that tenant. Section 8 could mean a sweetheart mother in her 60s who is 5 days early on rent and don't hear a peer from her, or it could mean a teenager blasting music and children painting the walls with chef boyardee.