Experience with Section 8 Rentals in Tier A-1 Full Coverage Zip Codes

[Lance Mel]

Hello BiggerPockets community,

I've been exploring the idea of investing in a Section 8 rental property in one of the Tier A-1 Full Coverage zip codes listed on the payment standards for my city. Most discussions on this forum seem to focus on Section 8 investments in lower-income areas, but I'm curious if anyone has experience purchasing a property in a more affluent or decent area for Section 8 rentals.

I understand that the dynamics can be different in these neighborhoods, and I'd love to hear from anyone who has taken this approach. What challenges did you face, and what were the advantages of choosing such a location? How did you find the right property, and what was the tenant screening process like?

Your insights and experiences would be greatly appreciated as I consider this strategy. Thank you for your help!