Section 8 Rental Property in Baltimore

[Gabe Harrison]

Hello,

I currently have a verbal offer in on a potential rental property in Baltimore. Specifically, belair-edison 21213. The house is  2br/1ba, 840 sqft with a finished basement. It is on a nice quiet block which appears to be mostly homeowners.

The house needs very little work to be rent ready. I plan to paint the cabinets put on some new hardware, update the appliances, gut the bathroom, repair the roof which looks like it could need some TLC , refinish the wood floors downstairs, carpet uptairs and paint the whole house. The utilities, while older, do seem to be working (has central AC). 

Does anyone have experience with rentals in this area?

I have two questions:

1) What are your thoughts on a 2br/1ba for section 8?

2) I was estimating to recieve about $1250 a month, am I on point with that?

Thanks in advance!