Challenges?

Just wondering how you feel about the unique challenges NOLA has relative to economy & climate change (insurance), population decline.  

The if is the challenge as ground up ADUs typically cost more. 

If you are looking to work with a STR focused realtor that probably has the most STR sales in the area, is an STR investor himself, has a STR property management company and assists with staging if needed, and can give you a true pulse on the market, I recommend reaching out to @Josh Green.

The challenge is I don't where you are but how is the soil?

If you are struggling to make the numbers work, then it is likely not a deal to pursue.Our biggest challenge in the New Orleans area is the cost of insurance.

Or, the trust (with trustee other than yourself) owns the property with LLC as beneficiary.Costs: LLC registration, annual secretary of state fees, agent for service fees, bookkeeping fees, tax prep fees, attorney fees to unravel structure mistakes, others I can't think of.Also, there are challenges getting title insurance, property insurance and loans for a trust.This is a way to get your name out of public record, no comment on whether it's good or bad. 

This is especially true since I often look for properties that allow for tax grievance potential too further increasing cash flow.

Challenges?

Our biggest challenge is that we are not over 55+ and we would prefer to invest our money in the villages itself.