The tenants have not taken great care of the space, would this cause a lower reasonable rent? 

I’m fairly new to the self-managing/property management business and certainly new to dealing with section 8 tenants.I have a potential section 8 tenant who has inquired about one of my properties and they are in their opinion “disgusted” with the way the carpet looks however up until this point in my efforts of marketing the property I have not had one complaint concerning the carpet.That being said she has requested to rip out the carpet, in turn to replace the carpet with hardwood floors. 

What made you interested in investing in this type of deal?

Very dependent on each home's usage profile (as you mentioned) along with heating/cooling equipment type, utility rates and and solar net metering schemas.

🏘️💥 Experts say the lack of new housing, high rent-to-income ratios, and post-pandemic demand are driving this fierce competition.

Is this common practice?

Looking for referrals/suggestions for pros that can help turn this idea in to reality.

If that strategy works, then it’s $99 a month and they also have some add-ons to make the process more efficient. 

Does anyone have a more budget friendly option? 

The probabilities of heavy losses due to default are much, much higher with 2nds than with firsts.