Section 8 Fair Market Rental Rate?
Buying a home in Washington co, NC. 3/1 Section 8 rents currently $450 per month. Other 3/1 I own in this area rents for $600. Never dealt with section 8. HUD states Fair market for 3 bedroom is $1108. Once I close and rewrite lease. How close can I resonably get to FMR? I'd like it to be at least $600 per month. What can you tell me about process and where to start neg. with section 8 office?
Thanks,
Eric