How easy or complicated is Section 8 Paperwork?

[Ilya Skolnikoff]

I am trying to learn more about Section 8.  I know that it is guaranteed income because the government guarantees it.  However, what are the chances that the tenant trashes your place?  If they mess up your place then who will pay for the damage?  I am assuming that it is you.  If the Section 8 people move out, then can you rent the place to non Section 8 people?  Are there any other drawbacks to Section 8 besides the fact that they have a stronger likelihood of trashing your place and that you have to work with the government?  How does the government usually pay?  Do they do direct deposit?  Does anyone know of any other major concerns that I should be aware of?  This place would bring in a 9% Cash on Cash return assuming it would stay rented.  However, I have not yet gotten the deal...  I am just in the beginning stages...  The seller has a 1031 exchange that he is doing and needs to sell by the end of this month.