Section 8 can be very profitable if done the right way, at scale, by an experienced operator, but I think it's one of the hardest strategies to start doing because of tenancies and government involvement.Most new people just think it's an easy government check and there is nothing that could be further from the truth.

If this property won't cash flow as a long term rental, you might want to sell and 1031 exchange into a more profitable property.

They're gonna take some of your profits also. 

Are they profitable?

Of you’re tired of endless negotiations, shotgunning offers to sellers who have no intention of selling, or chasing every “deal” that’s never going to be sold at a price an investor can profit, give this method a shot.  

Also the school districts have been increasing property taxes in A LOT of investment properties thus eating some of our profits. 

(Maybe the seller has a great interest rate, but you would have to pay twice that amount which wouldn't be profitable.)11) Crime in the neighborhood. 12) High turnover in tenants (raising your expenses.)

Do you want a company that will keep the long-range investment objectives in mind or one that focuses on today and today's profit alone?     

I also know finding a quadplex as a first property in Orange County isn’t going to be easy, but I’m open to hearing people’s thoughts.My goal isn’t to turn a profit right away—I know properties here might not have positive cash flow for a few years.

Overall, managing an apartment with Section 8 tenants can be super rewarding, but it takes careful planning to keep things running smoothly and profitable.