Right now, with no way to evict a tenant, the ONLY new tenant I would take, is a Sec 8 tenant. Over the past decade, we have had mixed results with Sec 8 in class C multis. Some have been great families who never move out. Some have been extraordinarily difficult to deal with, who never move out. Some have been violent drug dealers who commit arson and prostitute their children, and moved out because they were running from other drug dealers. No one ever lost their voucher for any reason, including the drug dealing, arson-committing, child prostituting household. Not even after the SWAT raid. Not even after DCF took the kids. Not even after they fled to another part of the state, and we were finally able to evict to regain possession of the unit (after they'd driven out every other family in the building).
We have had uniformly TERRIBLE results with anyone who came with the assistance of an agency, other than just straight section 8. Every single family that was being moved out of a shelter with assistance, has been impossible to house. Drugs, domestic violence, refusal to pay their tiny portion of the rent, moving in extra tenants in violation of their lease, terrorizing their neighbors and us. We've come to the conclusion that anyone who winds up in a shelter, is there because they are essentially impossible to house, so we only take straight Sec 8 at this point, and will not touch anyone who is coming out of a shelter.
Expect that the woman will always bring in a "baby daddy". If there was any history of domestic violence in her past, there will be again, either from the past abuser, or the next one she brings in.
In our area, Sec 8 sometimes pays over market value. But we've also found that the vouchers are sometimes managed by intermediary agencies, who offer below market rates (because they have to take a cut from the voucher to support the agency and its employees, who never seem to be available, and really don't seem to do much of anything). So we have to make sure they are offering at least market rate Often with that cut-taking agency, we've had to threaten eviction, and even file, to get them to increase rent to market rate on renewals. All repair costs are borne by the LL, but our tired, worn multis always pass inspection, because we know what Sec 8 inspectors are looking for, and make those repairs.
It has been our experience that Sec 8 agencies see themselves as the tenants' advocate. So when we complain that the intellectually and physically disabled man who has his voucher, SSI, and Medicaid-paid family care all being hijacked by his extended family so that they can all use his one bedroom unit as a crash pad, and a place to get high, and to terrorize the neighbors and the LL, we suddenly find that the agency has "accidentally" not paid their portion, or that it's perfectly acceptable to them that a tenant gives one day's notice that they're moving out, and we wind up not getting paid.
We have also had Sec 8 offer to pay us 125% of market value (and in our opinion, probably 150% of market value) to house an enormous immigrant family that lives as if they were still living in the stone age. And believe me, we have earned EVERY penny of it, as the family has repeatedly brought in bedbugs, lives in incredible filth, refused to pay their tiny portion of the rent, concealed earnings from Sec 8 - not, of course, the father's - he never has worked - but the high school aged sons' earnings, and even brought in a young teenage girl who we were quite sure was the next wife - she disappeared after we called the authorities about that.
So it's really been a mixed bag. And yet, right now, with the courts closed, and the governor of our state having made what amounts to a "free rent for all" proclamation, the ONLY tenant I would rent one of our two currently vacant units to, is a tenant with Sec 8, because with anyone else, I could easily wind up losing at least six months' rent plus costs of eviction.
I realize that this sounds very negative about the program. As I said in the first paragraph, some of our Sec 8 families are wonderful tenants. It's just that so many have not been, and the agencies can be very difficult to deal with. Proceed with great caution, and try to get advice from someone local to your area, on whether it's worth it or not.