House Choice Vouchers

[Jennifer Fernéz]

Hi everyone!

I'm looking for a 'fixer upper' to fix and rent.   I recently saw one that has potential, however, it is in really bad shape and has people living in it.  From the pictures there is trash everywhere and is really, really dirty.   Who knows what else I'll find when I actually visit it.  

All of the tenants have house choice vouchers and their realtor said the rent hasn't been raised in years.   Does anyone know the rules about acquiring property with tenants living in it and how to raise rent for people who receive government checks to pay their rent?   I'm assuming that I can't just kick them out once I acquire the property, and I wonder if there are rules to raising rent.   I would want to eventually do renovations in there and raise rent and frankly would like my own tenants of my choosing.

Thanks!

Jennifer