Section 8 - Single vs. Multi-family housing
Hey everyone,
About to be a first time RE investor here, as I just got an offer accepted on a multi-family property. My plan is to target section 8 renters. The property is a 2bed/1bath over a 3bed/2 bath duplex. I've completed tons of research/due diligence. The numbers work, as it cash flows nicely given the section 8 rental standard payments for the zip code of the property.
I had just come across a section 8 strategy video on youtube of a very well-known and successful investor who actually recommended not using multi-family properties as housing for targeting individuals with section 8 vouchers for various reasons...and now I'm afraid!!!
Could anyone provide some insight/advice? Any feedback is much appreciated.
Thank you in advance!