Section 8 Chicago suburbs
I recently closed on a 3 bed 1 bath ranch home in Romeoville, this is my second investment property in Romeoville. I want to use this house as my dive into section 8.
According to HUD, a 3 bed 1 bath in Romeoville can rent out for a max of $2200. My question is how does HUD figure out what is an acceptable rent for your house.
Does anyone have any advice or experience using section 8 in the Romeoville, Joliet, Lockport, Bolingbrook or Will county areas?
Thanks in advance!