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Updated almost 7 years ago,
Section 8 tenant for a Newbie
Hi all!
I'm new to BP, but am loving all the info and comments here.
My husband and I are looking into our first rental property purchase (SFR in Texas), where the long-term tenant of 7+ years is under Section 8. Section 8 pays about 80% subsidy on the market rent. I'm wondering if we should steer clear of a Section 8 tenant for our first property. I know there are more rules and paperwork, and not that I'm not willing to learn the ropes, but I have a feeling it might be a bit too much to chew off for our first deal.
Thoughts? Steer clear on this for our first property?