Norfolk, VA Section 8 Rental Property
Dear BP community -
Does anyone have a Section 8 rental property in Norfolk, VA or know of the general Section 8 rental market there? I am looking into acquiring a property which promise (at least on paper) positive cash flow with cash-on-cash ROE of 17%. However, I live in DC suburbs and don't know the Norfolk, VA rental community. In particular, I don't know if the Section 8 community is large and vibrant enough to sustain continous occupancy. Any guidance and observations are much appreciated, friends.