Quote:
Originally Posted by nitehawk
This thread has been very informative -- i am now in the process of looking for rental homes to own and will rent to section 8 as they are year round rentals -- guarantee payment of rent -- i will keep you informed of my progress of getting the paperwork for section 8. If anyone can help - please do
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I can tell you that renters will call you to change a light bulb, fail to report water damage in progress, keep a nasty house, bring excessive family members to live there violating policy, possibly engage in illegal activities, be unstable in employment, and need to be evicted more often than general population.
The rent you receive is subject to change based on bureaucratic whim, or change in renter's situation. No one can tell you exactly what the rules are for the amt of rent.
Hope that helps. I thought it sounded great too. Be sure to get a carry permit if you intend to create a section 8 neighborhood.