Purchasing a rental with section 8 tenent already there

[Marty Summers]

Investors,

Here is my scenario:

-- Looking to purchase a SFR for 58k & ARV is 90-100k. It's a 3 bed 1 Bath.

-- There will be a section 8 tenent that has lived there for 6+ years paying $650.00 per month total.

-- I think I am committed to keeping the section 8 tenent but she is under market rent for this house.

Is this a good idea?

Any issues I am not thinking over correctly?

Can I raise rent at least 50-100 per month?

Can I ask for my property back if I renew her lease for a year?

Any other thoughts suggestions are appreciated!!

Thanks

-Marty