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Updated almost 8 years ago,
Section8 vs. traditional rent
I bought a house in a C/D neighborhood(St Pete, FL) that does bring in a good rental rate. However the tenant that was in there when purchased is absolutely terrible. They are months behind so we are evicting. This was a good buy but terrible experience with the tenant.
Once they are gone I'm trying to determine whether or not to apply for Section 8 for this house or rent it traditionally.
I was wondering what your experiences have been? Positives and negatives to using Section8. I like the security of the funds coming in w/ section8, but have no experience with it.
Any feedback is appreciated!