In future, find out the permit requirements from the AHJ (Authority having Jurisdiction).

Typically we get a copy of their license / identification and pull credit etc after they sign a credit authorization form.Typically notarized documents are needed when recording them with a county, but for a contract it’s very rare to have contracts like a lease notarized.

I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.With strong screening, I'm able to find great tenants and Im not owed any rent.Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).Done right, I believe Section 8 is one of the most stable & profitable. 

They sell it for 4x assessed value, and taxing authority uses your purchase price as new value.  

I’m Karena, based in Danbury, Connecticut, and excited to officially join the Bigger Pockets community after lurking for a couple of months, soaking up all the knowledge I can!

@Becca Pariser, Relay has an official partnership with Profit First and I've heard good things.

I've never purchased a home in the USA before, and I don't KNOW what I'm doing is correct, but I think it is and looking for any clarifications and insights from the good people here.ps thanks for the clarification on author name!

Some housing authorities don’t pay you market rent.

So I was a bit nervous going into rooms with people who live and breathe multi family.I went partially for my own knowledge, and to see Scott speak, but also because BiggerPockets has officially launched our new platform, PassivePockets, this week.

Thanks Michael, I already figured it out and I’m officially a new Pro member