I've worked in healthcare for the past decade and looking to invest in local, small multifamily properties.  

Return:Finishing the basement and adding bedrooms can add significant value, especially if your local market places a premium on additional living space.

Here’s why Oklahoma might be a great market for you:Affordability: Properties in OKC and Tulsa are often under $200K and offer strong rent-to-price ratios.Landlord-Friendly: Simple tenant laws make managing rentals easier.Growing Economy: Job growth in energy, tech, and aerospace fuels rental demand.How to Evaluate Deals:Run the Numbers: Ensure positive cash flow, check cap rates (6–10%), and use tools like the BiggerPockets calculators.Find Deals: Network with local wholesalers or agents, and look for value-add opportunities in stable neighborhoods like Edmond (OKC) or Broken Arrow (Tulsa).Let me know if you’d like tips on analyzing properties or finding deals!

I’m local to you in CT!

The local govts aren't getting better they're getting worse.

My sister lives in Lee’s Summit, so I’ll have family nearby to help navigate the local scene.

I know more about Phoenix living locally but I hear good things about NC especially from east coast investors.

6) Finding a lease that complies with all federal, state and local requirements7) Figuring out how to accept rental payments - most Class A tenants won't want to mail you a check.

Some general pros v cons - I'm sure other people will provide other insights as wellPros: -Above market rents- Monthly rent payment on time that you don't have to worry about or chase anyone down for (if full pay)- No shortage of tenants depending on your standards - Tenants are incentivized to not trash/destroy the unit, otherwise they'll lose their voucher (Yearly inspections made by local S8 inspectors to keep everyone honest- Rental payouts are normally adjusted 1-2 times a year to keep up with market rentsCons:- May take a little while to get onboarded - dealing with local govt can always take longer than expected   - Generally won't have a super high credit score (to be expected given it's the govt paying for rent)- Each unit will need to be inspected and meet a certain living standard in order to be approved for fundingYou'll want to make sure you work with a property manager who has extensive experience in working with S8. 

You can get all the networking you desire locally (REIA's) and at your local Church (Men's groups).Quite a business model though...if they have 1000+ members paying $700/mo...well, you do the math!