Section 8

[Jason Victoria]

I live in Greenville, Sc. and plan on buying my first investment property in the February time frame. My plan is to start small and invest into a single family home. I have an interest in renting out my first home to section 8 renters. My reason behind this is I know that I will receive a check every month with out chasing down the tenant plus I have heard (not read) there are other advantages to renting out to HUD. Advantages such as repairs that maybe caused by the tenants damaging the property. Not sure how true that is, but would like to believe it. I have read a couple of forum discussions on BP about this topic, but have not come across anything to disprove my theory. I am fully aware of the risks associated with rented to lower income families.

My questions are, Is there a fact sheet that is in plain english that HUD provides describing the ins and outs of renting through HUD? Like how to allocate rent for a home that is acceptable for HUD, repairs cost if any, home requirements, locations of the home ect... I would greatly appreciate your feed back on this topic. A bonus would be someone in the Greenville area renting to section 8 would be total awesome. Thanks Jason