Section 8 experience in Columbus Ohio

[Account Closed]

Good evening,

I am interested in house hacking in the Columbus Ohio area. I was having trouble finding a good deal until my realtor suggested we look for properties where Section 8 is strong.

Running the numbers on these properties the potential profit looks pretty favorable! That concerns me- if it were this "easy" everyone would do it. What is the downside to section 8? Does anyone have any experience in Columbus OH with Section 8 (CMHA here) specifically? 

Thanks! 

[Remington Lyman]

Quote from @Account Closed:

Good evening,

I am interested in house hacking in the Columbus Ohio area. I was having trouble finding a good deal until my realtor suggested we look for properties where Section 8 is strong.

Running the numbers on these properties the potential profit looks pretty favorable! That concerns me- if it were this "easy" everyone would do it. What is the downside to section 8? Does anyone have any experience in Columbus OH with Section 8 (CMHA here) specifically? 

Thanks! 

 Congratulations! Ohio is a fantastic place to house hack. I began my house hacking journey in 2017, and since then, I’ve been fortunate to own over 100 residential doors. I’ve even transitioned into purchasing commercial properties! One thing to keep in mind about Section 8 is that you might encounter a few challenges with tenants, as they can sometimes be tougher on the units, resulting in more extensive and costly turnarounds. I have experience with Section 8 in Columbus; while it offers reliable rent guarantees, working with the government can be a bit of a challenge due to efficiency issues, in my view.