With the federal deficit projected to hit $985 billion in 2019, I'm curious what anyone might think of the long-term sustainability of HUD's appropriations for section 8 vouchers.

Our second purchase was in a semi sketchy neighborhood because that's what we could get our hands on in October 2021, but we rented the property on section 8 and were originally cash flowing about $200/month until our taxes increased and then we were at a $200 deficit each month. 

Common counterarguments: "But the Deficit and US Debt!?" 

The deficit that is currently shooting for the moon under his administration certainly doesn't help us.   

Congress needs to get their poo together and slow deficit spending.

@David Latimor  My view is that we're currently at or close to the top in most markets, and the only issue is when the correction begins and where it starts.Though, nationally, as it's been pointed out, there is still a deficit of multifamily construction when compared to household formation and historical norms, what we have seen during this boom is an incredible concentration of construction, both in terms of asset class and location.  

The property taxes need to cover the state budget deficit caused by the massive job losses & loss of sales income taxes from the Covid19 pandemic.

HOWEVER MUCH YOU CAN HANDLE. a deal with neg cashflow isn't always a bad one. sometimes the annual appreciation / debt paydown / tax benefits for you personally, are more than enough to outweigh the cashflow deficit. look into just how much wealth you could be building considering those factors, and see if the -1k/mo would be worth it for you.

Can you say "attention deficit?" 

The low rates of the last 15 years have supported massive growth in the federal deficit.