Section 8: Philadelphia

[Charles H.]

I recently started looking in the Philly market and there is lots to learn.  I was wondering if some investors in the market have experience with section 8 housing.  If so, did they purchase a place that was section 8 or did they apply to have their house listed as section 8?  The conventional wisdom is to avoid section 8 housing, however, isn't the income guaranteed since the government assists with the rent?  This would be especially ideal during a downturn.  I recently heard BP podcast 356 and it seemed like a solid strategy but I am not naive enough to believe one strategy would work in every market.  Curious to hear from investors with experience.


Charles