Look at university districts and/or good school districts, one-bedrooms and studios are also good if they are in CBD.

If it's in the CBD it likely is allowed, but otherwise it probably isn't unless it has a commercial designation. 

If I may add, where the Sheraton is on Canal is actually a great lift off point to anywhere in the Quarter or CBD.

My business partner and I are somewhat long-distance investors (I spend about a month down there a year) and would like to have a home there that would eventually paid off (preferably closer to the French quarter/CBD).

It was a CBD, transit oriented development deal, the flavor of the month for institutional owners, so therefore the best course for our group was to package it with the impending new entitlements and sell it to a big player. 

@Rousner Ermonfils While we all wait for it to be legalized, you can legally grow industrial hemp (for use in CBD oils, etc) in TN.

Did you see Sylvester Stallone moved there and is setting up shop in the CBD industry! 

Your nicest/newest buildings in your CBD's & strong sub pockets are your A buildings.  

CBD oil etc.

CBD products, "personal enhancement" products, collection calls.