Anyone own MF properties in "bad" neighborhoods?

[Adam Anderson]

What has your experience been like? You can get some really great profit margins, but understandably there is headache... well, for a newbie, what kind of headaches are we talking about? Isn't Section 8 guaranteed rent?

I'm looking at Codman Sq/Ashmont parts of Dorchester and Bellingham Sq. in Chelsea.

Advice?

[Patti Robertson]

Higher vandalism, unsophisticated tenants who don’t have financial management skills, lots of baby sitting just to get rent paid, more evictions, more money spent on turns, less appreciation. Yes, the rent to purchase ratios are strong. The costs - financial and otherwiseare higher too. Personally I will only rent yo someone with a government voucher in the very low end neighborhoods. 

I wrote a blog that will give you a good SEC8 overview. 

Section 8 Blog

https://www.biggerpockets.com/blogs/9232/55313-intro-to-section-8---your-perceptions-vs-my-realities