Government Subsidized Housing - 3 Fmaily in MA

[Matthew Conroy]

Hello,

I am a first time investor looking at a 3 family investment opportunity in Dorchester, MA (not the nicest part of the city, but cash flowing is pretty common - a lot of subsidized housing). Each unit is 4 bed 1 baths - total of 4342 sq. ft. One unit is delivered vacant and the other two combined are renting for $3900 (the realtor says the tenants are only paying out of pocket $28). What is the catch here? Has anyone dealt with government subsidized housing? Would love to hear your input on this.