How do you qualify a Section 8 Tenant

[Grace Wang]

Hi Everyone, 

We closed on a 8 units last month, and trying to fill two vacancy. I have a question on how do you make the judgement if the section 8 tenant meet the income criteria in regards to the general rule of thumb of 2.5 x  of rent as a income requirement. 

1. Would tenant make 2.5 x of their portion of rent be sufficient? 

2. Or should they make 2.5 x of the market rent minus the government subsidy. 

For example, if rent is $1000, and tenant have a section 8 voucher for $500. How much should he/she make to be considered to meet the income requirement of 2.5 x of rent. 

Your feedback is very much appreciated it!