If the numbers work, the numbers work.

As a lender, it is my firm belief that honesty, transparency and service are the most important factors.

If the city decides to enforce inspections later and your property isn’t compliant, you may need to make costly updates to bring it up to code.It ultimately comes down to your risk tolerance.

Let's assume you accounted for all expenses and have a full $2,400 monthly cash flow.

They will check for everything to ensure safety and habitable. i.e. doors/locks, lights, detectors, windows/screens, appliances (stove with anti-tip plate), hand rails, wiring in the unit and in the basement, lead paint (if children).....etc6.

You can only pull out 70% of the equity.

And hands down the #1 violators of tenants rights (I mean legit cringe stuff) are those large communities, not investors like those who make up the majority of BP. 

I've also signed up for New Orleans REI meet ups in the upcoming weeks in hopes of making valuable connections in the local market. 

Hey @Brett Sheeran and welcome to the community!

Now, Christian hasn't been active since 2023...but sometimes people just read things and don't respond very much.Now, the things I would share with you in your inquiry here:1.