Section 8 in a Class A area

[Tal Simpson]

I’m curious to know if anyone has attempted, or even looked into, accepting vouchers in a Class A neighborhood. I am in the process of buying an SFR in what I would consider to be one of the best 2 or 3 areas in town - it’s an incorporated city with its own Blue Ribbon school system and this particular area has primo shopping and dining and is walkable to the schools. I jokingly was talking to a buddy about advertising as a section 8 rental (note - I co-own several Class C properties that currently have S8 tenants so I’m in no way disparaging), but it got me wondering. For context, I am in the Birmingham AL market. Rent for this house I’m buying will be in the $2800-3000/mo range, but there are some comparable rentals in the neighborhood that go for $3400-3500. Curious at reading the responses to this - ha! Many thanks in advance.

[Mark Byers]

I'm sure you could do it if you're feeling really generous. I believe a 3 bedroom voucher won't pay more than $900+/- a month, 4 bedroom $1100+/- a month.