Section 8 is goverment subsidized housing. Usually you will recieve two payments like you said one from a tennant and one from the goverment both adding up to the total rent ($1440). I agree that $1440 is a lot for a 2/2 in MM, but my friend is getting it. Section allows for a certain amount to be paid per bedroom. I don’t have the current rate sheet, but I think that a 2 bed can rent as a high as $1532. You just have to justify the rent is the fair market value for a certain area to the Section 8 worker assigned to your tennant. About 5 or more years ago section 8 usually gave approval for slightly higher then current rent for a certain area due to having less housing available to Section 8 tennants. Today Section 8 wants the rents to be competitive with other non-section 8 tennants for a certain area. I also have a rental (SFR) 4bd 2ba with Section 8 tennants. Since the rents have come done in my area in the last couple years, I have not been able to raise rents for 4 years. You can go to the Section 8 website if you want to know more info: http://www.sdhc.org
