I'm afraid it'll get worse before it gets better with sec8.
One case in point,I've get a buddy who built 4 fairly nice rental homes about a year ago in a new subdivision.
Now normally he could get about 800 a month out of these properties which is a great deal,but with the way things are,he hasn't been able to even rent one of these in the year since he built them.
His only option ATM is to reduce his rent,and accept section 8 to keep from going bankrupt.
The downside is having to deal with the bureaucracy that comes with sec8,and having less then desirables residing in these homes.
The up side is they're rented keeping him out of bankruptcy,and sec8 never pays late.
It sucks that its happening,but it'll continue until housing turns back around