The program was created to give low-income tenants an alternative to living in federal project housing.S8 sets their rental rates to the LOW-END of market averages, if not slightly below.

Everyone associated with living there and/or paying for the unit goes on the lease.

Selling would likely trigger capital gains taxes (unless you lived in the property for two out of the last five years or use a 1031 exchange).

It was a small $$$ project but time consuming because that was something I DIY'd while living in the property. 

You all must agree to the same thing or else you will just end up fighting about what to do.Since your mom doesn't have it in a living trust, I suggest you do that right away.

My grandmother wants to sell her home but live there rent free for the rest of her life.

People need place to live, I and my investors need to safeguard my investment.

However, what if you prefer simplicity, limited risk, and are living off of the income? 

I live in Virginia.

Hello my name is Yanick, I live in California.