
Quoting
L-1
You indicate the tenant has been there for many years. This suggests she has been a good tenant. Is that the assessment of the seller?
I ask this because I own a Section 8 apartment building. While I have had problematic tenants, I've also had good ones. Currently, 50% of my occupants are Section 8, 25% VA Assistance and 25% no assistance. The Section 8 and VA assistance tenants are absolute jewels and I wouldn't trade them for the world. OTOH, I'm informed my no assistance tenants are noisy and a PITA to the public assistance tenants, who are quiet and mind their own business.
The bulk of public assistance rent is paid for by the government via automatic bank transfer on the first of the month. My public assistance tenants are on time with their portion, they take care of their apartments, call in a timely manner if something breaks rather than wait until it grows into a major issue, and don't cause problems for me. If I have a question or issue, my Section 8 staff is friendly and very cooperative to work with. They even hold seminars to help Section 8 landlords navigate the system. In addition, Section 8 usually pays more than the market rent.
If this is not a problematic tenant, you might give some thought to keeping them. It doesn't mean you have to take more Section 8 tenants.