Buying Section 8 housing can be a great way to get into the real estate market or to expand your rental portfolio. However, it can also be a risky venture, so it’s important to understand the ins and outs of the program before you dive in. There are many things to consider when buying Section 8 housing.

Here are the main five things includes: 

1. Local Rules & Regulations: Every state and local jurisdiction has its own rules and regulations governing the Section 8 program. Make sure you know and understand the rules before you make any decisions.

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2. Tenant Screening: Section 8 tenants must meet certain criteria to qualify for the program. Make sure you understand the criteria and do your due diligence when screening potential tenants.

3. Rental Rates: Rental rates for Section 8 housing must be approved by the local housing authority. Make sure you know the approved rates and are charging tenants accordingly.

4. Maintenance & Repairs: As a landlord, you are responsible for the upkeep and maintenance of the property. Make sure you are prepared to make the necessary repairs and keep the property up to code.

5. Tax Benefits: As a landlord, you may be eligible for certain tax benefits. Make sure you understand what these benefits are and how they may impact your bottom line.