That makes the investing and property management a LOT easier.  

Unfortunately, my experience has also been they Sec 8 tenants have generally been rougher on property. 

This year for 2025 my wife and I have made it a goal to improve our financial literacy to purchase another investment property.

I would consider these markets as part of the Recession Phase.I think the market cycle phase depends on location, but across the board I see either:1) Recession Phase for pandemic boom-towns,2) (light) Recession Phase for markets that aren't appreciating faster than inflation, and 3) Recovery/Expansion for places that never "boomed" during the pandemic -- just solid & steady growth (many Midwest/Northeast Markets).Either way, it appears to me that now is the time to buy (even more so for multifamily properties).What are you seeing in your market?

I have been going through this thought process recently running some numbers to on a few investment properties for my wife and I.

The property is in pretty rough shape so we're planning on renovating before renting.

JimGo to the city’s assessor’s website and look up the property record.  

I was wondering what your experience has been, good or bad with buying rental property in close proximity to the firehouse/station?

Then look at places where you can buy those properties, and last investigate with HUD what is the section 8 rental in those areas.In that way, you will collect a lot of knowledge in the process.

I will then use my current home I am moving out of as a rental property.