Advice on renting to Section 8 tenants in Mcallen- upper RGV area
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David V.
Rental Property Investor
posted about 1 month ago
Hi, I am considering looking for and buying a 2-3 bedroom house in the upper RGV. My idea was to rent to section 8 housing, mainly due to security of having the majority of rent paid. I have done general research but wanted some input on local people if possible who have done that in the past.
I had some general questions. If I want to put my home to rent for section 8, assuming it passes inspection, etc do they have some sort of pre set funding where they can only accept certain amount of houses per yr? How much of a headache is it really dealing with them? Is it similar between housing authorities or differs quite a bit? Is the HUD website showing average rents pretty accurate?
Any other advice is appreciated