Any tips for low income/section 8 rentals?

[Douglas B.]

I'm ready to buy my first duplex. In our market I can buy a habitable duplex in a low income urban market for 30k. Rents are aprox $500/unit but will likely be low income urban or section 8 tenants. The ROI opportunity here seems fantastic. My wife and I are meticulous planners and will heavily screen tenants to find the right fit. We plan on buying for cash so there's no mortgage and no reason to rush and take risky tenants.

Has anyone else out there done this sort of thing? I'm looking for advice, warnings and, hopefully, some encouragement! Thanks.

(My first biggerpockets post!)