Offering Section 8 Housing

[Lavern Keerich]

We have found a property located in a depressed area (Flint Mi.) the property seems to be a great candidate for section 8 however we have no experience in this area of the business.

We have a good number of other units (not in Flint) and have learned many lessons the hard way through the years. We did locate the HUD sight which determines fair market rents. If this sight is a indication of what HUD will pay for the 3bd 1bath home per month then property looks like a homerun.

Please help it all seems to good to be true.

What are the guidelines and draw backs to this class of investing?