HUD fair market rents-Baltimore
So I'm looking at buying some rental properties in Baltimore and was doing some research about Section 8 and HUD etc. What exactly is fair market rent? Is that what Section 8 WILL pay me or is that the max they would pay on a property in a Metro area? Some of the houses I'm looking at would normally rent out for about $900-1000 a month but the HUD FMR is something like $1600 (for 3 bedrooms). Do I get that amount or will they only pay what would be fair for the neighborhood and type of house? Most of the threads I've seen on here are about FMR's being too low. This is a case of it being too high. This seems insanely too good to be true if I can actually get that amount. Please someone fill me in as the research I'm doing is turning up very vague answers to my question(s).