Your local PHA may also have resources to help match landlords with eligible tenants.The PHA must approve the lease agreement, ensuring it complies with Section 8 rules and rent limits.Pros:Guaranteed Rent Payments (sometimes even 100% based on certain tenant criteria)High demand for Section 8 rentals, which can reduce vacancy periods.Many Section 8 tenants prefer to stay long-term, reducing turnover rates.Cons:Properties must meet and maintain HUD's health and safety standards, which can involve additional maintenance and inspection requirements.The PHA limits how much rent you can charge, which may be lower than the market rate in some areas.Tenants must qualify for Section 8 based on income level and other factors, which may limit the pool of potential renters.Dealing with government agencies can sometimes be time-consuming and bureaucratic.In summary, converting your home into a Section 8 rental can be a good strategy for attracting and maintaining long-term tenants due to the stability and reliability of government-backed rent payments.

Entry point for multis is still on the lower side compared to other markets that have easier access or proximity to strong employment markets.  

Since this was purchased during the Covid-19 pandemic, the price was much lower than other houses in the neighborhood.

We were looking for something with a little lower barrier to entry and had the cash to buy this deal.

Because I was willing to walk away from the deal and had no emotional attachment to the house, I went back and forth on the price settling at 10% below their lowered price which was a total of 15% below the original asking price of $1,099,000.

The building has a flat roof also so the attic units would not look much different than the lower units.

One thing to remember with the lower down payments for your personal home is they will have the higher carrying costs as the mortgage will be larger. 

Further you go from the beach the cheaper the property, but also the lower the occupancy/ADR. 

However it is true that your list will be one of a kind so competition should be lower as well.

The price was lowered from $300,000.