Newsflash: Buying single family homes and turning them into Section 8 housing?

I see some very inexpensive homes in St. Louis area. Some are very cheap – like less than 10,000. Was thinking of buying one, fixing it up, and renting out to section 8. Anybody have this experience? I see similar houses renting for 700/mo. Worth it to fix up? I know the ok areas to the very bad areas.

Read more at https://www.reddit.com/r/RealEstate/comments/6iqavd/buying_single_family_homes_and_turning_them_into/?utm_source=ifttt

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