Section 8 housing/ Pros and Cons ? I'm looking at Memphis area

[Michael Dunn]

I am now considering getting into the Section 8 parallel of Buying a few Lower priced Properties and placing them into the Section 8 Program.

I have been reading and researching Section 8 housing , and the Pros/Cons that go along with it 

Can Members on here who Have and or currently rent Under the Section 8 provisions ...... Some of their experiences and some tips to follow , to make renting under Section 8 as " Less Stressful " as possible lol

I Live in the Memphis,TN area, if knowing this helps at all. 

Thanks so much for the Help and any insight and Tips 

[James Martin]

Section 8 is a great tool to guarantee your investment preforms in low income area. The properties that I target, renovate and sell in low income areas go section 8! The pros is that we are able to get top rent for the neighborhood, and consistent income. There are many cons that we don't like which are basically more time rel issues. 1. Communication with MHA is poor, RUDE and slow. Depending on what kind of day the inspector is having can sometimes determine your fate of passing or failing the inspection. The tenant can lie about a maintenance issue and order a emergency inspection which waste time and money. If MHA has a n abatement they will pull money from all of your properties at once instead of that one particular home that was abated "should be illegal"! I can go on and on about their operations but basically that's it for me.