How are others having success in New Orleans?

[Sean Blanchard]

Hey BP, I live in the New Orleans area, and I am trying to put the pieces together on a plan for my first deal. I have been reading and researching, and I can appreciate all the different investing strategies, and why they are beneficial. My question is, what are people having success with in the New Orleans area? It seems like a lot of areas are being rehabbed and flipped. I would ideally like to start in single family, or even duplexes for buy and hold cash flow. However, I do realize the price on these types of properties in good areas are going to be pricey. So, should I even try to look at single family in the area, or try in a neighboring area that may have less expensive properties of this kind? Is anyone having buy and hold success? And if so, how are the renters? I guess that's enough questions for one post haha. Any and all responses will be greatly appreciated!