If you end up picking Westchester and north, make sure you're not too far away from an Amtrak and/or Metro North station as those are crucial for people commuting into the city. 

For investors, patience and strategic planning will be crucial in identifying profitable opportunities amidst the challenges.ConclusionThe Greater New Orleans real estate market in August 2024 is marked by shifting buyer preferences, evolving investment strategies, and challenges for sellers.

The biggest variable is probably the tenant, but I think they do a very good job leasing properties quickly & keeping tenants in place which is the most important aspect in my book in a successful portfolio! 

Managing other contractors, scheduling with them and the tenants, making sure they are on time, doing a good quality job, takes a lot of time, and having a good team to manage that is crucial.

Passive Activity Loss RulesIf you are a real estate investor that doesn’t qualify for REPS status (discussed in #5 below), understanding the Passive Activity Loss rules is crucial.

By working closely with our partner Rodney Lomax, we ensured that all financial aspects were handled smoothly, enabling a fast transaction with minimal hurdles.

Even in areas without significant disaster risk, we're still seeing insurance costs rise due to broader industry pressures.The Long-Term ViewFor those of us deeply involved in multifamily syndications, it’s crucial to educate LPs and partners about these changes.

That kind of balance is crucial, and it sounds like you've got a solid foundation for success.Looking forward to hearing more about your journey and exchanging ideas here on BiggerPockets.

Velocity of money, or speed in which you can complete a BRRRR investment and repeat, is key to success, and refinancing with the shortest seasoning requirements is highly important.Loan terms and interest: Cash flow is also an important consideration for a refinanced rental property, so attaining a low interest rate, as well as other aspects of loan structure (term, amortization, or interest only, etc.), plays a big role.Generally, there are three main refinance options for BRRRR method investors: Conventional loansBank/credit union loansDSCR loansConventional loans are generally defined as loans originated under GSE (Fannie Mae/Freddie Mac) rules and guidelines and securitized.

I've always found this aspect of working with the city on development projects to be extremely confusing.