From a legal standpoint, sure, it's not much different other than the paperwork and govt red tape.

This eviction altogether cost me $20,000 - legal fees, lost rent, and rehabbing.

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

Are there other legal or financial consequences I should be aware of?

I understand this is not a requirement, but I have never received a damaged unit from an inherited tenant or any legal issues.

It is legal and very lucrative in some parts of the US. 

.- Tenant Accountability: Many programs have strict guidelines for tenants, and breaking those rules (e.g., property damage) could jeopardize their assistance, encouraging them to be responsible.- Inspections: Some programs require annual property inspections to ensure compliance with their standards, which can occasionally be demanding.- Damage Risk: As with any tenant, there’s potential for property damage.

What happens during periods when the demand for legal work is lower?

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

So when my clients work with me, I simply guide them through the process of originating their own loan (legally, in the states that allow it).