Once she receives a voucher, you’ll need to register as a Section 8 landlord and have the property inspected to meet HUD standards, which can take 30–60 days.If you want to move forward with rehab quickly, a cash-for-keys arrangement might be faster.

Hi All,First time looking into Section 8 investment property in Berwick, ME. What is the experience with this program - Pro/Cons, watch outs, etc?.  Is there $$ to be made as an investor? Thanks in advance

I have always been willing to take vouchers, so that aspect did not affect me when the law changed. 

The voucher program typically determines the amount they’ll pay based on their calculations, and you don’t necessarily need to lower your listed price for utility allowances.

So, landlords can no longer exclude S8 vouchers, nor can they state "S8 only" in their ads.

The Housing Choice Voucher program here is run by CMHA (Columbus Metropolitan Housing Authority).

Section 8 provides consistent pay and the tenants have to uphold the standard put forth by SECTION 8 to maintain their voucher. 

Looking ahead, once you secure a tenant, perhaps this is something that should be explored to make the next lease up easier.Also, @Caria Mitchell raised an interesting point in saying: We are experiencing a shortage of qualified applicants, I’ve noticed non-conventional applicants vs qualified applicants that don’t have a voucher or some form of subsidy. 

Take home income (including any vouchers) needs to be 3x rent to qualify. 

If you start buying properties in Class C neighborhoods, you can take advantage of higher and more stable rents/renters with Section 8 vouchers.