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Renting to section 8 / housing vouchers
I am new to real estate , i just purchased my 1st rental house in fort worth, and made it available for renting for about $2100 , i am getting lot of section 8 / voucher's for the house, although i am interested in renting to to section 8 , i am confused on what are the minimum income criteria should i look for ? most of the calls coming are having only child support or $1000 to $1700 income per month . should this be good base line calculation for renting to them .
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A rental becomes Section 8 approved when the landlord accepts an applicant with a HousingChoice voucher and requests their local Housing Authority conduct an inspection. The inspection is repeated either annually or biannually (or anytime the tenant complains). Once the property passes inspection you submit your lease and the Section 8 agreement and you are in business offering government housing.