Getting into Section 8 Investing, what can be the best tips or section 8 training to follow?

Hey all,

I’m looking to start building a Section 8 portfolio and wanted to get some feedback from those of you who’ve already gone down this path. Full disclosure: I’m not here for the “don’t do it” horror stories, I know there are risks with Section 8 tenants, just like any other type of tenant, and I firmly believe it all comes down to proper screening.

A little about my situation: I’m based in Florida, but I’m considering investing out of state. Florida’s a tough market for single-family homes, especially with high insurance costs and the ever-present risk of hurricanes. I’m thinking I can find better stability elsewhere, but I need some advice on where exactly to focus.

A few specific questions:

* Where are you currently investing to expand your Section 8 portfolio?
* How did you determine the market you’re investing in is solid for Section 8?
* I’ve heard mixed things about Detroit, the houses are dirt cheap, but what’s the catch? Is it really a bad spot for Section 8?
* Is a 5% ROI (after property management, mortgage, etc.) considered too low? I know ROI can vary, but what do you typically look for as a “sweet spot” for a sustainable portfolio?
* Do you focus on 2-bed, 3-bed, or 4-bed units? Why? I’d love to hear your reasoning on what works best for Section 8 tenants and the numbers behind it.

Any other tips you think or anyone do I need to follow, suggestions would be helpful, especially in terms of market selection or best practices for managing Section 8 properties, would be greatly appreciated!

Thanks in advance!