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.

Keep in mind that this is also a very tough time to be entering the market as an agent because the inventory is so low.  

There is still a risk: You do not have the right outprice and lose money, your deal goes south due to unfound things when you bought it, then the rehab phase brings them up, and you spend more, and the market changes, which is something that can happen on a moment's notice.

this is only a good idea if you have reason to believe that the area will be appreciating quickly, which is called speculation and akin to gambling not investing. me personally, I would rather put my money on black than bank on market appreciation. negative cash flow rentals are a time suck and money suck.

Deals are location and market specific.2.  

Also recognize that this market is currently disconnected.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

However, just to set expectations, they most likely won’t make any changes unless there’s a clear error in the valuation.That said, since the $1,000 increase works out to about $83 per month, I’d suggest checking what the market rents are in your area.

I own 27 properties in Greater New Orleans (36 doors) and wholesale around 50 houses a year in this market. 

Market Range for neighborhood is $330-415k.