Pros and Cons of Section 8 housing

[Ryan Komagome]

Hi All,

I'm new to the investment game and wanted your experts opinion. There is a property that I'm looking at that has very good calculated returns. The biggest question in doing the deal is there is currently a tenant who is under section 8 housing. The tenant has paid on time for the past 5 years and is a single adult. I know most folks recommend start fresh with your own tenant but if the tenant has a good record this would minimize vacancy. Any gotchas on dealing with section 8 tenants that I should know about?

Thanks in advance.