Section 8 Property

[Grand Wally]

Hello all...

I have my eyes on a Section 8 house that is described as: "Section 8 rented to tenant (just passed inspection) for $650 per month. Nice brick home. Perfect for an investor who wants to do nothing but collect checks."

The math on the deal makes sense. What should I know and what should I ask about Section 8 before pursuing this thing? Will lending procedures on the home be different than usual? Do laws protect the tenants differently than a normal landlord/tenant relationship would?

Thanks in advance....