Dependence on Third-Party Banks: Fintech apps that rely on a back-end bank for processing transactions introduce an additional layer of risk.

Double-check whether one of those fees could be mislabeled or duplicated by mistake.Since you're using OHFA’s 5% DPA, you should expect some additional fees related to that, like possibly higher closing costs or mortgage insurance.

I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.With strong screening, I'm able to find great tenants and Im not owed any rent.Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).Done right, I believe Section 8 is one of the most stable & profitable. 

I pretty much second everything Chris wrote with the one addition of id recommend getting a personal loan if you could swing the higher monthly payments.

Additionally, are there micro-markets that may offer less cash flow, but more consistent and dependable tenants, rental payments, etc.?  

You could rent that out for additional income.

Additionally, the landlord-tenant laws there are generally more favorable compared to what you might be experiencing in Minneapolis.Of course, investing out of state comes with its own set of challenges, like managing properties from afar and understanding local market nuances.

About a year or two ago I pivoted and started flipping and finding alternative strategies, but I have realized those cannot replace this strategy, they can be in addition to it, but I need to continue buying, moving, and keeping as a rental every couple of years because this really is the best strategy for building long term wealth.Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

She added 1 or 2 additional SFHs over the next 10-15 years but really accelerated after 2008. 

You really need to research the city you need to know every neighborhood understand the city good school districts and bad school districts top employers etc.