Low Income Housing - Any Professional Advice
I am really drawn to the idea of building a large portfolio in low income and affordable housing areas. Areas were 90% or more of my tenants will be on sec 8 and government assistance programs. Some of the concerns I have will be resell value of the property even tho I am contemplating a buy and hold strategy. I am also cute plating what differences will i need to consider in my business model, such as quarterly inspection system? on site management? periodic policing patrol? are there any investors who have made this business model work and can give me some insight on this to consider and tips on how to make it profitable and beneficial for these neighborhoods?