Section 8 housing question

[Michael H.]

Hello all,

I was inspired by the previous podcast about the guy who was in DC taking 3 bedrooms, and converting them into 5 bedroom and listing them on section 8.

I have an opportunity to grab a 3bd/3bath, and converting it to a 4/4 that needs some cosmetic renovations. It seems too good to be true that a 4 bedroom in that zip code will pay over $2000 a month. I looked up the zip code on huduser.gov. What am I missing?

I could rent it out at about $1350 as a 3 bedroom conventional rental or 3 bedroom section 8 for $1670.

Any resources or comments are welcome.