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Updated over 6 years ago,
Buying a property that is in section 8
I am considering buying a 4-plex in California that currently has section 8 tenants. Each unit is being rented at $825 and I know that improving the units I can get a rent of at least $975 per unit.
Can anyone please help me with the following questions:
1.-What is the process of moving out the section 8 tenants once their lease expires so I can remodel the units and charge $975 per unit to non-section 8 tenants?
2.-Can rents be increased for section 8 tenants?
Thanks.