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Updated about 4 years ago,
Section 8 in Massachusetts
Hi everyone I need some advice
I have recently bought a condo with tenant in place and an agreed upon rent price. After speaking with her I learned that she is on disability and 90% of her income goes to rent. The rent on this unit is below market rate and if i lower the rent anymore for her I will be in the red. My question is should I apply to be a section 8 landlord and have her apply for section 8? From the research I have done it looks like I could get market rate for the condo and my tenant could pay less.
All guidance would be much appreciated.
Thank you
Ryan