Purchasing a 200 unit complex

[Garison Clemens]

Would you guys ever consider buying a 200 unit apartment complex, that’s section 8 as well as it only having 1 bedroom floor plans?

[Erik W.]

@Jay Hinrichs... I agree one of the worst challenges with Sec 8 is when they get booted off the program.  That said, I've also evicted a tenant who owed me $25 once.  $25 this month becomes $50 next month, then $75 next month, etc.  It snow balls quickly once we cave into their "He won't have the guts to evict me over a few dollars."  It starts creeping into other areas of the lease.  "He won't evict me if I get a puppy..."  "He won't evict me if my ex-con boyfriend moving in for a few months..."

I recently non-renewed a paying tenant because I got tired of her whining.  So there's nothing to stop me from evicting someone who doesn't pay rent, even if it's just a few bucks.  Going back on their word regarding rent tells me they probably are violating (or preparing to violate) the lease in worse ways soon.  

I see this as "a stitch in time saves nine."