The guaranteed rent payments are one of the most alluring features because the housing authority pays all or most of the money immediately, minimizing the possibility of payments being missing.

Not to mention if there is a premises liability claim amongst many other incidents that could arise at your property, the plaintiffs attorney will file their claim regardless of who the true owner is because it’s the insurance money they are chasing. 

Soon as they’re notified there’s money to be had, all the relatives who never gave a s—t are hiring attorneys to press their claims.  

Their official policy is that they will not pay more than market rent.Also @Clint Jusino mentions taking extra rent on the side. 

Quote from @Sean Pedeflous: Yes, I recommend charging extra for pets.

If you are looking to make some money and have a place to use 4-5 times a year, then from that aspect it's a great investment but solely looking at numbers I could find others that perform much better.  

I knew how to get the money and they knew the nuts and bolts.

I generally think about this from the perspective of time vs. money.

Permits are not expensive, getting the drawings and engineering are where the money goes.

I find couple hundo on a mortgage we just piddle that money away any way might as well do some good with it..