2) Real Estate Done 4 U (Michael Drew)I purchased a "B" neighborhood property and I inherited the tenant on this one as well.

I drew up a 3 yr rental lease and a 3 yr lease option contract, and we signed both. 

Flood insurance rates actually took a major nose dive in premiums for most of Orleans Parish a couple years ago when FEMA re-drew the maps. 

Quote from @Drew Sygit: What will happen to coastal properties as ocean levels continue to rise?

The only difference was I drew in Revit.

Quote from @Drew Bledsoe: I recently bought a condo with the intention to rent out but after closing we found out that the HOA doesn’t allow rentals.

Our attorney drew up the lease agreement.The occupants would range from single execs & a couple of families over 8-9 years.

Quote from @Drew Sygit: @Kris Mead logically, there are only 3 possibilities:1) Your property is in a bad area, so you'll only get bad tenants2) You have a bad PMC, so find a better one3) Insanely bad luckWhat’s crazy is I think all 3 are a factor.1) We knew the area would be a risk, but we did a lot of research in the zip code and this particular neighborhood is SUPPOSED to be better.  

@Drew Sygit Incredibly helpful and kind of you to take the time to reply to me.

@Kalifa Lettine Drew S.Hey guys, I'm brand new to BP too, and I'm interested in REI as well.