[legion]

Bad idea IMO.

You might gave good tenants.

But there is also an increased chance that you won't. When people have everything handed to them, they tend not to take care of what they have. With the single moms especially, you are likely to have a revolving door of boyfriends who will live there, and they aren't paying for ANYTHING. One of the boyfriends might open up a business in your building.

And there is also great political risk. In Chicago, they periodically "crack down on slum lords". Sometimes they pass new laws that make your costs go up, most of the time it's really a shakedown for political contributions. It's no coincidence that some of the most politically powerful (Tony Rezko) both built their wealth and avoided prosecution (for their housing) by being politically-connected slumlords. Do you really want to sell your soul for that?