The link at the bottom can help you start gathering info on the Section 8 process in Chicago. We plan on writing a bunch of articles related to this topic as there is much opportunity in buying cheap SFH’s, fixing them on the cheap, and renting out to Section 8 tenants. The best part - you have your rent direct-deposited to your account on the first of each month straight from the government.

This strategy involves:

1. buying the property quickly with cash
2. fixing all required Section 8 items quickly with cash
3. passing the Section 8 inspection and getting the unit rented
4. get the property financed and pull out your initial investment (maybe even more) and still maintain a positive rental unit
5. do the same process over again

[1] Property Owners | Chicago Housing Authority