Hi Ari,
I'm in the process of doing the section tenant to balance my portfolio, and the first thing that comes to mind, for me to tell you, is that it is not for the impatient landlords. The process is excruciatingly SLOW!. You will put in a non section 8 tenant in the property months before you get through the Section 8 process. Be mindful here that you're expected to keep the property vacant, sanitary and in living condition while you wait. I've attended two Landlord briefings, so I know what i'm talking about.
Re: Rental License: It depends where your property is in PG County. Some cities in PG county issue and administer their own rental licenses.
There's a pre-inspection checklist that they provide us at the landlord briefings. This checklist shows some of the items they will check when they come to inspect the property.
My steps so far:
1. List your property with Housing. They publish a listing to clients every week. You can also put it on www.gosection8.com
2. Select a tenant from all the prospects that show interest. Pick a few and do credit and background check. You will get a lot of Tire kickers here. They will show interest that day and you will never hear from them again.
3. Get to know the tenant and have them fill out a request for tenancy among half a dozen other documents. Submit the paper work to housing. I put the request for tenancy document in bold because it's the document that pretty much kickstart things.
4. Wait for inspection
5. Wait.
6. Wait again.
7. I'm still waiting.
My advise, if you're local, is to attend one of the landlord briefings. The lady that champions the briefing is amazing!
I hope this helps.
JI