Buying first section 8 multifamily - 8 units in Gary, IN

[Bassim Audi]

Good afternoon! 

I am currently vetting out an 8-unit apartment building in Gary, IN and the prelim numbers look good. All the units are rented with long time occupants and all are Section 8. The majority of the rents are under market, for example the only 3-unit is renting for less than a studio. I believe all of the tenants are on a month to month and do not have a lease at the moment. 

What kind of process do I look at to get the rents up to market value and what do I need to know in dealing with the GHA. I want to keep the building Section 8 and keep the occupants happy, but need signed leases at market value. 

Any information or experiences you've had in this area would be greatly appreciated! 

Thanks in advance for your time.