Here is a link to the S8 Fair Market Rent amounts, by ZIP Code. Regardless of S8's "approval" of a prospective tenant, they are not performing a screening to protect you or your income. That job is up to you, and you need to determine how, and to what criteria, you will be doing that.
Here is a link to the current HAP contract and associated documents that you will be required to attach your rental agreement to, and incorporate with; and sign in agreement.
Contrary to popular opinion, S8 is NOT guaranteed income. It is common for tenants to stop paying "their portion" of the total. Depending on what an eviction costs in your locale, that may, or may not be worth chasing. OTOH, if you complain to the Housing office about that, or other tenant issues, they often simply remove the family from the program...leaving it up to you to evict and actually remove them from the premises. Also, there are delays working with Housing. It varies by locale, but it takes days, to weeks, to schedule a required inspection prior to occupancy. This is time that you never received rent payment for. If you fail an inspection, it will be days or weeks before you can get re-inspected...still without rent income.
Here is a link to the S8 Fair Market Rent amounts, by ZIP Code. Regardless of S8's "approval" of a prospective tenant, they are not performing a screening to protect you or your income. That job is up to you, and you need to determine how, and to what criteria, you will be doing that.
Here is a link to the current HAP contract and associated documents that you will be required to attach your rental agreement to, and incorporate with; and sign in agreement.
Contrary to popular opinion, S8 is NOT guaranteed income. It is common for tenants to stop paying "their portion" of the total. Depending on what an eviction costs in your locale, that may, or may not be worth chasing. OTOH, if you complain to the Housing office about that, or other tenant issues, they often simply remove the family from the program...leaving it up to you to evict and actually remove them from the premises. Also, there are delays working with Housing. It varies by locale, but it takes days, to weeks, to schedule a required inspection prior to occupancy. This is time that you never received rent payment for. If you fail an inspection, it will be days or weeks before you can get re-inspected...still without rent income.
All reasons why I respectfully decline to participate in any of the voucher programs. I know others who have experienced everything you mentioned, and more (uncovered damages, unauthorized additional residents unable to be evicted, etc).