Section 8 Market in Cleveland

[Justin He]

Hey BP, 

Are there any Section 8 investors in Cleveland? I'v been looking for a outstate market and Cleveland looks affordable compared to NY. My current strategy is built around subsidized rent and was wondering what Section 8 looks like in Cleveland. Are there enough tenants with market rate vouchers in demand for housing? Is it easy to find subsidized vouchers? What are some good C class neighborhoods that are good for section 8? 

Any info on out of state investing and section 8 specifically would be appreciated. Thanks!

[Nadeem Alamgir]

@Justin He most have already addressed your questions here. Just to add, yes, there are enough tenants with market rate vouchers in demand for housing, but you have to do your due diligence and vet thoroughly. If you're starting out looking in C-class areas, I recommend focusing on the west side of Cleveland in zip codes 44102, 44109, 44111, 44135, and 44125 (east side). Having an experienced Section 8 property manager is crucial here.