Section 8 Property Investment
Does anybody on here have experience in owning / operating Section 8 housing in NY or NJ?
Other than the tenants likely being a nightmare what are some of the common troubles?
Can you turn residential property into Section 8 if it's a poor neighborhood?
For example, I'm considering buying some existing houses in Paterson NJ and turning it Section 8. Buffalo NY is also a very cheap market.
How tough is the approval process with the state? Any other pitfalls that you may fall into?
Any and all comments or information is greatly appreciated!