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.

More real estate tips at Program Realty Wix site

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