Section 8: Philadelphia
I recently started looking in the Philly market and there is lots to learn. I was wondering if some investors in the market have experience with section 8 housing. If so, did they purchase a place that was section 8 or did they apply to have their house listed as section 8? The conventional wisdom is to avoid section 8 housing, however, isn't the income guaranteed since the government assists with the rent? This would be especially ideal during a downturn. I recently heard BP podcast 356 and it seemed like a solid strategy but I am not naive enough to believe one strategy would work in every market. Curious to hear from investors with experience.
Charles