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What are some ways to make a housing project that uses tax credits and Section 8 housing more profitable?

Are there ways to make a low-income housing project more profitable if the project consists of some low income housing tax credit units, some HUD section 8 units and some fair market units?

Public Comments

1. Be careful with section 8 tenants. They aren't all bad but enough of them are human locusts that if you rent section 8 long enough you'll have some gigantic repair bills and no real recourse to recover the money. Actually, now that I think about it, all of the ones I've ever had have been bad. And every landlord I've ever talked to says "I'm sure they aren't all bad" but none of them can come up with an example in their own experience with one that hasn't been bad. At the top of my long list of section 8 tenant repairs is a woman who lived in my house for 2 weeks and did a little over $5000 in damages. The brand new carpet had a smell I could never get out, every wall had at least one hole, most of the interior doors were broken, several windows were broken. The best part, she asked for her security deposit back. The least I've had in damages is tie between a woman who set the living room carpet on fire but managed to put it out before the house burned down and another woman who decided to have her electric turned off and move in with her mother for 3 months. I had to have a city inspection done to get it turned back on. I think those each cost me about $500.
2. Do all the maintenance work yourself.