NOLA ROI rate? Multifamily rental questions

[Marcea Schwilke]

Hi everyone!

My husband and I have been landlords in other cities, but want to invest in NOLA since we live here now. What would you say is the average ROI for a multifamily rental here?

Do you usually find your properties on MLS? If not, where are you finding them? We are looking for a multifamily rental property and are concentrating our search in Uptown, Midcity, or Marigny, but aren't finding much in our price range. Good luck, right?! Any other neighborhoods we should be considering?

Any advice would be greatly appreciated.

Thanks in advance!

All the best,

Marcea Schwilke