I live in Phoenix and my business partner and I put on a couple local forums for investors like yourself to network.

I have found enough business and made enough money not to need to expand outside of this market.Section 8 is a whole different ball game but I find the program is unique in that it's a 3-party relationship adding the variable of a government agency.

I’m new to the community and I’m planning to start a Section 8 rental property business.

It's a business - acquiring/building, managing, and growing a business. 

Quote from @Matthew Cook: Dig into those comps with a realtor doing business in that market.

Usually OH and IN are the two main states they I have seen booming business in for 204 unit REI's.

If you find a solid, boots on the ground realtor/PM who has experience in the flip business you should be fine. 

I figure this would be really helpful for anyone in our business.

If you're an investor Broker / Property Manger in this business you get 100's and 100's of investors reaching out to you wanting to spend the day with you while they are in town.

This is the cost of doing business.