Properties in New Orleans often remain on the market for more than thirty to sixty days for a variety of reasons, some of which make the market distinct.

Motivated buyers driving the area usually see the open sign and try to get in before the Open.

There are a couple of platforms and several hard money loan funds that have lower default rates.3) loan to value: they are one of the few remaining platforms that still has loans that are under 65% LTV.

Economists:It is said that there are 4 phases of a real estate cycle: (1) RECESSION (supply greatly exceeds demand and high vacancy rate); (2) RECOVERY (rental growth remains stagnant with little signs of new construction but the economy feels like it is headed in right direction); (3) EXPANSION (job growth is strong and increased demand for housing. 

The seller agent remains unch, but now are arguably one of the most vital pieces in how transactions work.

The previous tenant remains financially obligated for the rent, utilities, and other expenses until the replacement tenant takes over.

That will cover much of the issue and any remaining visible holes from the tack strip will be so close to the molding that it probably won't be noticeable from a standing position.

Once the remaining 3 units are occupied, the projected monthly gross income will be about $7,800.

Property 1: 4/3 LTRCurrent Value: $475kPurchase Price: $363kDown payment: $40k (30 year conventional)Interest Rate: 2.75%Remaining Balance: $294kMortgage payment: $2369AVG revenue: $2775Property 2: Duplex - 3/2 House Airbnb & Detached studio apt 12mo leaseCurrent Value: hopefully within $575k-$600kPurchase Price: $591k (appraised at $599k)Down payment: $30k (30 year FHA)Interest Rate: 6.125%Remaining Balance: $552kMortgage payment: $5041 (including $362 PIM)AVG monthly utilities: $385 (full year avg)AVG monthly revenue: $5261 (full year avg airbnb + $1650/month from apt)

I enjoyed that mine was a one man band, and it was smooth and efficient, handled by email and short hand dialogue and simple resolutions.My eviction filings, so far have been "light weight," mostly gets people motivated to pay and stay.I spoke to a couple of firms, but they make it sound much more complicated and ugly than it has been in my case, so they aren't resonating with me.