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Updated over 4 years ago,
Section 8 property??????
I found a deal that looks really sweet on paper however it is a section 8 house. The contract is currently for the next 11 months. I think I could get that property for 60 K and it rents for 950. It has a new roof new HVAC and new hot water heater. After 20% down, taxes insurance maintenance, it would cash flow around 500 a month.
is it too good to pass up, or should I say no to the section 8? Advice please! No experience with section 8