In their marketing material, they refer to the “guaranteed rent” program as “Immediate cash flow”.

Recently Louisville Section 8 has been awful, and investors are fleeing the program, as they fail you for everything.This house failed inspection in February, (its now late June) and owner has not received payment since Feb. 

You can not program a computer to decipher human judgements such as appeal, quality and physical condition.

The FHA program has basic parameters and constraints, but lenders can then apply their own to the program as well.

Most municipalities enroll their employees in a traditional, defined-benefits program as opposed to a defined-contribution plan like a 401(k).

A quick google search looked like Indy might have a grant program as well.

There has been no protection for me as the homeowner for misused funds by the contractor or HUD Consultant and my lender refuses to assist in any way.I would not recommend the program as it could ruin someone’s life after all the hard work they’ve put into trying to buy their first home.

I like participating in the program as it works well for my business, but if I ever have to evict a Section 8 tenant it's highly unlikely that I would be able to collect against them in court, although eviction is an unlikely outcome for a properly screened tenant since they would lose their voucher and most would seek desperately to avoid that.

From what I understand, this new Home-One program (as recent as last Thursday) has inched the bar down even more.

Habitat would do it but that's a charity program as you know.My only suggestion to anyone engaged with new construction with Morris is to be uber careful.Home inspections at each phase is critical.. once you cover the walls you cant see the corners that are cut.. even though it could pass city inspection.. also you run into mechanics leins and so on and so forth.. building from ground up takes a little more experience than rehabbing..