"Never, ever do Section 8"
I have a friend who was a successful landlord for many years. When I mentioned Section 8 to him he advised me never to get involved with it, that it was only for experts who know how to handle it. He said the Section 8 lease renews automatically every year and it's almost impossible to get rid of a holdover tenant, or a problem tenant.
Now, to be fair, he's never actually done Section 8.
What's the truth? I was rather surprised to hear all of this, since people often speak positively of S8 on this forum. I was under the impression that the inspection and making sure they have the correct vouchers were the two big hurdles. Is it a lot more complicated than this? Thanks.