I'm an active investor in Indiana; I'm in several of the markets you mentioned. 

Quote from @Greg Jeanfreau: @Vante Jay As with juat about everywhere else in the country The New Orleans market has many many active investors.

To clarify my assumption about current equity: most transactional activity in the area has been new construction and established neighborhoods of "better" quality.

Turns out the Landlord entity, operating property, doing leases, doing all the activities, is themself leasing the properties on an enhanced NNN basis from a separate entity. 

Due to the low amount I will owe to the hard money lender I want to get a HELOC to find and fund other deals but when I am not actively doing deals I want the cash flow.

We're now dancing around the 6000 total single family homes available which swings up as the weekends approach and new homes hit the market and retract below 6000 homes after the weekend and homes go under contract.There was a 3.2% increase in active listings from August to September, slightly lower than the June to July increase.

It's also a great way to pass buildings down to your kids who want nothing to do with the active management business.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

Hello,For a new project in St Petersburg, we are looking for an experienced project manager.Management of subcontractors, crews, and site related construction activities.

I never investigated further.I always questioned his recommendations because at the price/rent point he was advocating, the maintenance/cap ex would consume too much of the rent unless actively self managed.