I started my real estate investing career with low-income housing. When I did it, low-income housing was synonymous with managing tenants in "D" & "F" neighborhoods (aka distressed and The 'Hood respectively). And although it was very profitable (to give you an idea...in my first low-income housing - a 28-unit apartment building, I needed only 4 paying tenants to breakeven!), it was a lot of work and hassle. So I decided to "graduate" to "C", then "B" neighborhoods, and eventually "A's". The time I spent managing tenants went down exponentially and that was when I was able to scale my portfolio. So I'd rather NOT do low-income housing. But times have changed. 15+ years later, through our partners, I am coming full circle and doing low-income housing again. This time though the low-income housing we're doing is not in "D" and "F" but in decent neighborhoods. There are 3 low-income properties we're buying in North Carolina and they are newer too. Do you want to know more? Let me know in the Comments.