I live in zone 9, not zone 8, and we are probably a lot drier here than where you are, but until someone from your area comes along, this has been my experience with growing irises in pots/planters.
If you have only ONE rhizome, you can grow it in a one gallon pot for about a year (summer to summer); after that, you MUST pot it up or plant it out. If you start out in a 2-3 gallon pot, then maybe you are good for a couple of years before you have to divide/repot/replant.
It has been my experience that potted irises do better with saucers under them. The saucers catch any drip, and the pots can reabsorb that drip later to maintain a more even soil moisture. (If you get into a rainy spell with a lot of rain, you might want to remove the saucers TEMPORARILY. Being in the South, this may be your situation.
We are dry at least half the year here.)
I generally water AT LEAST once a week, but twice a week (especially in the hot summer or during bloom season (to beef up the blooms)) is better. (Depending on the cost of your water and how many pots you have to tend, I'd go 3x/week in the summer/hot weather (absent rain) if you can manage it.)
Try not to crowd your pots; this can help promote the spread of the inevitable foliar diseases.
You must fertilize. Around here, we generally fertilize around Feb 14 and then again after bloom.
I highly recommend mixing some alfalfa meal into your pots. It acts as a mild organic nitrogen source, but more importantly as a growth stimulant. DO NOT USE ALFALFA MEAL FROM FEED STORES - that can contain salt which will hurt your plants. You want alfalfa meal meant for horticultural purposes.
Good luck!