Hey Megan, I'm glad you're interested in Section 8 investing—it can be a very rewarding niche, but it’s definitely got its share of challenges.

Letting it sit vacant has its disadvantages as well.

Hi John- they seem to be in a tough spot related to the Synapse Financial bankruptcy- they've essentially suspended operations and are trying to sort through the mess.

It was sitting on the market for a few months so I offered well below listing price and the rest is history!

With $19K invested and a $71K purchase price, your cash-on-cash return should be strong if the rental income covers expenses and leaves room for profit.

I would be leery of a weird property especially if you are new. 

They want to be propped up instead of questioned.

I'm not well versed in the tax code by any means but this whole depreciation thing seems like something that applies to some people based on individual circumstance but the gurus preach it to the masses.

It will be worth converting to a rental.

The easier it is for someone to click on something, the less likely they are to be a serious customer.