New Invester in New Orleans

[Damian Mandina]

Hello,

I am looking to start investing here in New Orleans and surrounding areas in the near future.  What areas of town would you advise to look to investing in?  I am mostly looking for buy and holds more than continous flips.  I dont mind renovating and/or flipping from time to time but dont want that to be my primary focus.  My investments will be for long term retirement rather than day to day personel income today.  Lets say I only have around 40k-50k for start up capital.  Long term goal would to have 15k monthly passive income.

Thanks