50-unit // All Section 8? Experience?

[Swat Khan]

Does anyone have an all section 8 on their apartment complex? I'm getting a good deal on a discounted apartment complex near downtown in a C area of a 200,000 Texas city...I spoke with HUD section 8 in the city and they said they have a long waiting list and could fill up the entire building (50 unit). I'm contemplating if this might be the way to go. They also said the property may qualify for a HUD program that covers 50% of the rents? Anyone have experience with 100% section apartment complexes?