Found my next deal but section 8 tenant - close or run away?

[Jeff Rogers]

Hi BP friends!  I have a property under contract and have found out one of the tenants is section 8. I'm still a relatively new investor and have not yet considered the program, so I don't know much about it.  I'm in the contingency period and trying to decide if it's a good idea to pursue the deal or not. I've met the individual during my initial property tour and at the property inspection.  The tenant isn't what I would consider the stereotypical bad section 8 tenant, so on the surface of it all, I don't see any red flags that would push me away.  I just really don't know much about the program, and want to learn more before I can make a decision.  What are some resources to educate myself? I tried searching on the google machine for local resources but couldn't find much other than contact information and really basic navigational type information.

If I close on the property, is there anything required of me as the new landlord to be part of the program?  Are there limits on how high I can raise rents?  If this tenant moves out am I able to opt out of the program? Any rules on lease renewal or denying renewal?

Thanks!