To be fair to them it had been a rental for 10 years and it took 3 inches of rain in 2 hours to fully expose the issue.

Eichholtz’s initial research showed that real housing prices (corrected for consumer price inflation) gradually changed over time, but were fairly equal in 1973 compared to prices in 1628."

@Yixin Huang we use a property management software which keeps the communication centralized and updates them on status. 

He spent $500k more than what I believe was fair market value.

I'm fairly new to the real estate game and currently have 2 properties; 4 bed 2 1/2 bath renters have been in there going on their 5th year, and a new 3 bed 2 bath we're looking into using for a midterm.I work as a radiology manager for Methodist and been with them going on 10 years.

That being said, In order to successfully invest in the city of New Orleans you must have a fairly deep understanding of the city.

There are too many ways for it to go sideways and only one way for it to work (you stay on good terms with your ex and everything goes perfectly with the house, you split the proceeds fairly when you sell).

Some landlords have requested cameras (they being responsible for setting those up if they want them) or already have cameras installed, but you want to make sure any prospective tenant is fully aware cameras are actively recording and it's clearly communicated to them.

Secondly a 7% rate with 1-2 points depending on LTV, FICO, DSCR, and prepayment penalty does sound fair/market standard.

With $170k to deploy you most likely will have that all in one, maybe two deals, if it doesn’t go well you could end up way worse off.That said, if there are other factors like the property is a huge pain to manage or you are worried the neighborhood may actually get worse or you know you need a new roof in a couple years, then I’d consider selling.Also, even though you said it’s not a high appreciating area, do you think 1-2% is fair?