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

I think a post on unique ways to obtain PML would be beneficial!

Agreed and I don't see any how investor can go wrong with that one simple task.

Our cleaning fees for the year were $40k, landscaping $2.5k, handyman $3k... all tasks that can be done by an operator and off set the loss of income from occupying the main house that brought in about $40k for 2024.My wife and I have decided that even though it makes good money, we have been in Texas for a year and we want to do something similar here and we are very much DIY people and don't want a PM company to run it to the ground.

Does the parcel have unique and challenging characteristics?

This means securing at least two bookings (to get a stay of less than 7 days) and completing all setup tasks.

It's designed to ensure someone nearby can manage things responsibly.Your plan to hire a local person for emergencies and other tasks is a great workaround.

Any thought on this very unique situation?

My somewhat unique situation is that I have low reported income due to the structure of my investment accounts, yet I have access to meaningful capital.

Since I work from home I think house hacking would suit me since I can live on the property and perform some of the easier maintenance tasks myself.