Here in Louisville, I have several friends who are making BIG MONEY buying SUPER CHEAP homes in the West End, and renting them to Section 8 tenants..
One guy bought a 75 yr old, 6 bedroom home for $30k. He’s renting it to an older woman for $1500 a month. He gets paid, BY THE GOVERNMENT, on time every month. He couldn’t care less if they trash the place.
But, they don’t... cause, the Lady is also renting out her rooms, for cash...
She’s making big money, My friend is making big money.... EVERYBODY is WINNING! Except.. me. :-(
Two words, “rent control”. When that happens everyone loses and don’t think it can’t happen. Also when the place is filled up with drug dealers, which will happen, the property values will go down.