I would also include corresponding late fees and make sure that they are 100% caught up within a short amount of time.One of my experiences early on was with a tenant who could only pay $X until her student aid check came in.

I chose Indianapolis for the following reasons: 1) Diverse employment sectors (healthcare, government, technology, and many others).2) Strong population growth (Indianapolis population metro area grew about 10% since 2010)3) Reasonable price and decent cash flow.

Employers and industries are diverse: logistics (FedEx, Amazon), healthcare (Baptist Memorial, St Jude), other industries (Technicolor, International Paper).

Don’t drink the cash flow cool aid, it’s a very small % of your overall return. 

I love this market because as has been mentioned here the fundamentals are strong, by which I mean there's a diverse economy characterized by durable industries including tech, healthcare, manufacturing, distribution, etc, there's population growth with young professionals moving into the city, the cities are walkable and well planned, there aren't natural disasters such as hurricanes, fires, earthquakes, etc, to worry about, and the quality of life is generally high.

. - large healthcare scene (emory, cdc)- multiple amazon distributions throughout metro-  major universities Georgia state, georgia tech, emory- busiest airport in the world - museums, cinema scene, nightlife, food, breweries and multiple parks. - solid cost of living - home to major sport teams falcons, braves, dream, hawks , atl united. - close to other major cities..

This of the investment that will be made in healthcare just as it was as for security post 9/11.

This population growth creates consistent demand for housing, making real estate a stable investment.Diverse Economy: The city boasts a diverse economy with thriving industries like healthcare, technology, military, tourism, and manufacturing.

HUD has the best programs, but as you know, they are not easy to obtain and are primarily focused on multi-family and healthcare projects.

I've dealt with tenants on state aid and have resulted in good experiences.I wouldn't necessarily say that a Section 8 tenant is any better or worse than a regular tenant.